China's Laopu Gold Selling 'Royal' Designs Defies Economic Slump
Bloomberg Televisionยท2025-08-15 16:01
China's growth looks set to decelerate in the second half of the year after a resilient first half. As export front loading fades and retail sales remain stuck at mid-single digits, showing little sign of immediate recovery in non subsidized sectors. But in this downturn, gold has surged and along with it, pure gold jewelers like Liverpool.Bettencourt estimates that China's luxury market sales last year had plunged by 20%, but with gold bucked the trend. Because gold jewellery is not just a symbol of presti ...