Chinese Citizens Flock to Buy Gold as China’s Economic Downturn Persists

Chinese Citizens Flock to Buy Gold as China’s Economic Downturn Persists
Various gold jewelry at a jewelry shop in Hefei City in eastern China's Anhui Province on November 10, 2009. STR/AFP/Getty Images
Julia Ye
Updated:

China’s real estate crisis worsens as A-shares continue to plunge, eroding confidence in the economy. Foreign investors have withdrawn from China, with six consecutive months of net selling of Chinese stocks.

Chinese people bought large amounts of gold in 2023, indicating that they, too, felt the chilling effect of the looming economic crisis.

Julia Ye is an Australian-based reporter who joined The Epoch Times in 2021. She mainly covers China-related issues and has been a reporter since 2003.
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