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 US Crude Oil Holds Strong Above $80 Despite Mixed Data READ MORE Fed Officials Debate Future of Goods Price Declines Amid Inflation Fight READ MORE Gold Consolidates After Record High Amid Rate Cut Speculations READ MORE Gold Prices Rise for Fifth Week Amid Iran-Israel Tensions READ MORE Latest Inflation Data Shows Fed Has More Work to Do READ MORE Add a Comment Cancel replyYour email address will not be published.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