The modern art gallery, which also plans to open branches in South Korea and Belgium, has been in talks for more than a decade with China

The Pompidou Centre in Paris, which houses the world’s second biggest collection of modern art, is close to signing a deal for a franchise gallery in Shanghai.

It will show around 20 exhibitions over five years in a wing of the new West Bund Art Museum, which is being built in the cultural district of China’s commercial capital by British architect David Chipperfield.

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