China’s Aging Population Catalyzes a New Era in Gold Jewelry Demand China’s “silver economy,” driven by the middle-aged and elderly populations, is sparking a new gold rush. In 2023, retail sales from large-scale jewelry enterprises soared to 331 billion RMB ($45.7 billion), marking a 13.3% year-over-year increase, one of the highest growth rates across consumer goods. This surge in demand, both for personal adornment and investment, has prompted a significant uptick in new business registrations in the jewelry sector. Over 2.6 million new companies were registered from January to October 2023 alone, demonstrating an 89.9% increase from the previous year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Morgan Stanley: Bitcoin Could "De-Dollarize" the World READ MORE Gold Prices Stable Amid Rate Cut Expectations READ MORE Fed's Dot Plot to Reveal Insights on Potential Rate Cuts READ MORE The 'Cash Trap': High Interest Rates Lure Investors, but for How Long? READ MORE BullionStar: Buy and Store Gold & Silver Bullion Bars & Coins in the United States READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment