www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Economy

Jewelers enjoying a golden time

By Wang Zhuoqiong and Cai Xiao (China Daily)
Updated: 2011-01-29 10:23
Large Medium Small

BEIJING - With the clock ticking down to Spring Festival - one of the two major annual holidays in China known as a "Golden Week" - many Chinese people have been flocking to jewelry stores to snap up valuable trinkets for friends and relatives.

A 40-year-old shopper surnamed Li is typical of customers making the Spring Festival holiday, which includes the celebration of the lunar new year, into a golden time for goldsmiths and jewelry stores. Li bought three gold Buddhas for more than 100,000 yuan ($15,000) from Caibai Ornaments Store, one of the country's largest gold retailers.

"I want to place two of the Buddhas at home in the hope that they will bring me good luck in investments," said Li, an entrepreneur from Hebei province. "The other one is a lunar new year gift for my mother."

He said giving gold is much better than alternatives such as cash because hard currency can become less valuable over time due to inflation but gold offers a beautiful way to maintain and grow a family's fortune.

The consumer price index hit a 28-month high in November when it rose by 5.1 percent before easing to 4.6 percent in December.

The rise in inflation was mirrored by a peak in people's appetite for gold.

Zhang Bingnan, secretary-general of the China Gold Association, told China Daily on Friday that the total use of gold rose almost 20 percent to 510 tons last year, largely because people wanted inflation-proof investments.

"The amount of gold used by jewelers and industry has grown steadily while gold bought for investment has grown quickly," he said.

China has been the world's second-largest buyer of gold after India for the past three years and top producer of the valuable metal for the past four years. In 2010, the nation produced 340 tons of gold, a rise of 8.6 percent on the year before.

"Chinese consumers' appetite for gold has been stronger this year than in previous years," said Wang Chunli, general manager of Beijing Caibai Ornaments Store.

"The demand for gold jewelry and bullion has been phenomenal ahead of the lunar new year holiday. "

The store saw sales hit 7.2 billion yuan in 2010, a 60 percent rise on the previous year. Daily sales ahead of Spring Festival often exceeded 100 million yuan.

"Chinese New Year is the time of year when Chinese people give gifts, usually money in red envelopes," said Wang. "This year, gold is popular mainly because it does not depreciate."

But Wang Lixin, of the China office of the World Gold Council, said the trend has been building for a while.

Related readings:
Jewelers enjoying a golden time Gold, jewelery popular in China
Jewelers enjoying a golden time Why gold may be losing its glitter
Jewelers enjoying a golden time Gold lower on rates concerns

"Gold has been hot since last year," said Wang Lixin. "Coupled with the slump in the stock market and the property price, it has become the best investment."

The strong desire for gold among Chinese consumers has triggered a drive to find more reserves to meet demand.

According to Zhang, the government invested 500 million yuan on exploration for new deposits of gold in the past five years.

Investment activity in China remains high with physical gold at the Shanghai Gold Exchange totaling 6,046 tons in 2010, up 28.48 percent on the year before.

Wang Lixin said demand is likely to keep growing, given China's huge population and its increasing spending power.

分享按鈕
主站蜘蛛池模板: 久久伊人操 | 日韩欧美自拍 | 国产精品亚洲专一区二区三区 | 欧美精品亚洲精品日韩专区 | 美女视频网站永久免费观看软件 | 国产精品免费视频能看 | 欧美猛交xxxx免费看 | 国产成人综合91香蕉 | 在线观看国产欧美 | 中文字幕在线免费观看视频 | 亚洲精品一级一区二区三区 | 欧美视频在线观在线看 | 男人天堂网2022 | 欧美一级免费观看 | 国产在线不卡午夜精品2021 | 久久精品二三区 | 欧美精品色视频 | 在线欧美精品一区二区三区 | 免费观看情趣v视频网站 | 国产精品亚洲第五区在线 | 国产日韩欧美精品在线 | 黄色资源网址 | 伊人成人在线 | 亚洲在线网址 | 91亚洲免费 | 日韩欧美精品一区二区 | 日本国产免费一区不卡在线 | 日韩一区二区三 | 日本www高清 | 亚洲欧美在线观看视频 | 美女视频黄.免费网址 | 在线观看一区二区三区视频 | 丝袜精品 欧美 亚洲 自拍 | 中文字幕无线精品乱码一区 | 亚洲成a人片毛片在线 | 天天拍拍夜夜出水 | 亚洲一区二区三区久久 | 色综合在 | 亚洲成人国产精品 | 久久国内精品自在自线400部o | 91久久在线|