China’s Youth Boosts Gold Consumption

The younger generation in China is emerging as a new driving force that is propelling the country’s gold consumption, with a surge in their appetite for the precious metal, People’s Daily reported.

According to an industry report, one-third of surveyed gold and jewelry retailers said that in 2021 the consumption of gold jewelry by young consumers, namely those 25-years-old and younger, overtook the levels in 2019 at their stores.

Read the full report: People’s Daily

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.