Store pro­motes gold con­sump­tion

China Daily (Hong Kong) - - BUSINESS -

Bei­jing’s Caibai store, a well-known gold seller in the city, signed a co­op­er­a­tive agree­ment with the Bank of Com­mu­ni­ca­tions’ Bei­jing branch to pro­mote gold and jew­elry con­sump­tion. They will of­fer new ser­vices in­clud­ing jew­elry sem­i­nars and new re­tail modes to both con­sumers and in­vestors, as China is cur­rently encouraging do­mes­tic con­sump­tion and the de­vel­op­ment of its ser­vice sec­tor. China is the world’s fastest­grow­ing mar­ket for gold jew­elry, driven by an expanding and af­flu­ent mid­dle class, who be­lieve the pre­cious metal can bring good luck and for­tune.

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