Newly rich Chinese take a shine to gold
AFP, April, 2008
 | Content provided in partnership with |  |
BEIJING (AFP) — Li Zhixin spent weeks planning his one-day family tour of Beijing's historic sites, but instead found himself in one of the city's shopping malls, watching his wife happily trying on gold necklaces.
"I can't complain -- we just like gold," said the 30-year-old steel plant worker from Tangshan, an industrial city southeast of Beijing.
"Gold is a better store of wealth than platinum," he added, as his mother-in-law counted a wad of cash beside him. "Of course, diamonds are lovely. But we can't afford the big ones and are not interested in small stones."
They finally bought a pendant necklace for more than 3,000 yuan (439 dollars), more than two months' income for an average Chinese urban resident.
- Most Popular Articles in News
- The Ten Best Laptop bags
- Tata plans cheapest-ever car for Indian market
- GLOBALIZATION AND THE DEVELOPMENT OF UNDERDEVELOPMENT OF THE THIRD WORLD
- Corn is good for you; Corn is not only a tasty treat, but also a cereal that ...
- THE 50 BEST STYLISH HANDBAGS TO CARRY
- More »
With per-capita disposable income in cities up 17.2 percent to 13,786 yuan in 2007, gold jewellery is no longer beyond ...
