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Why Are Chinese Consumers So Keen on Gold?

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Manage episode 463632937 series 3611888
Content provided by Bloomberg. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bloomberg or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Shuibei, in southern China, is home to one of the world's biggest retail markets for gold. Over the past year, it's seen a boom in demand for the jewelry, sold by thousands of stallholders, as the Chinese property crisis and slowing economy spurred a flight into gold. So much so that Chinese consumers helped propel the global gold price to record highs in 2024.

On today's Big Take Asia podcast, K. Oanh Ha talks to Bloomberg's Chongjing Li about the enduring appeal of the precious metal in China, and what lies ahead.

Read more: The Epicenter of China’s Gold Craze Is a Former Fishing Village
Watch, from Bloomberg Originals: What Gold’s Crazy Run Says About China

See omnystudio.com/listener for privacy information.

  continue reading

66 episodes

Artwork
iconShare
 
Manage episode 463632937 series 3611888
Content provided by Bloomberg. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bloomberg or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Shuibei, in southern China, is home to one of the world's biggest retail markets for gold. Over the past year, it's seen a boom in demand for the jewelry, sold by thousands of stallholders, as the Chinese property crisis and slowing economy spurred a flight into gold. So much so that Chinese consumers helped propel the global gold price to record highs in 2024.

On today's Big Take Asia podcast, K. Oanh Ha talks to Bloomberg's Chongjing Li about the enduring appeal of the precious metal in China, and what lies ahead.

Read more: The Epicenter of China’s Gold Craze Is a Former Fishing Village
Watch, from Bloomberg Originals: What Gold’s Crazy Run Says About China

See omnystudio.com/listener for privacy information.

  continue reading

66 episodes

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