The Investor's Guide to China: China Consumer (#22)
Fidelity Answers: The Investment Podcast
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The China Recovery: A Case-Focused Recovery
The jewelry, especially gold, is very interesting because it's the value preservation tool for many Chinese consumers. So even when economies slow, people are willing to buy up and spend on gold jewelry as a way of preserving their capital. At the high end, we can see how global luxury brands are talking about their business in China. Even in the fourth quarter last year when it was under full lockdown and also first quarter this year, business was very strong,. registering over 20, 30% year in year type of growth.
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