• 09/21/2024

China’s gold imports surge to record high as appetite increases, middle class seek wealth security

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

China imported a record high 1,447 tonnes of gold for non-monetary use last year, with the middle class attempting to preserve their dwindling fortunes caused by the property market crisis and slumping stock market.

https://www.scmp.com/economy/economic-indicators/article/3249894/chinas-gold-imports-surge-record-high-appetite-increases-middle-class-seek-wealth-security?utm_source=rss_feed