spring festival: Gold jewelry in the form of a pig has sold well recently, as 2019 is the Chinese Lunar Year of the Pig, according to Global Times China. Gold jewelry sales usually peak between the New Year holiday and China's traditional Spring Festival, a salesperson surnamed Geng at a Chow Tai Fook retail store in Beijing told the Global Times on Monday. Industry analysts said demand for the metal will see a steady upward trend this year as the country's economy maintains strong growth momentum. However, Geng said that young people in first-tier cities are less inclined to buy pure gold jewelry compared with platinum or diamonds. In second- and third-tier cities, pure gold is still more popular. According to a survey released by the World Gold Council WGC in November last year, diamonds and platinum are as popular in China's first-tier cities as pure gold.
(news.financializer.com). As
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Tagged under spring festival, year topics.