Chongjing Li

Bloomberg’s Chongjing Li offers insights into the booming gold market in China, particularly in Shubei, a major retail hub. As the property crisis and economic slowdowns push consumers towards gold, demand spikes, soaring prices to record highs. Li discusses how live streamers influence younger buyers, making gold both a trendy investment and a cultural staple for significant life events. Additionally, the impact of central bank purchases and geopolitical tensions on market dynamics adds another layer to gold's enduring allure in China.

Chongjing Li, a Bloomberg reporter based in Hong Kong and an expert on China's gold market, discusses the booming gold retail market in Shubei, a major hub for gold jewelry. The podcast highlights how economic challenges in China have led consumers to seek gold as a safe investment, particularly among younger generations. Li also explores the record surge in global gold prices driven by this newfound demand, raising questions about the sustainability of this rally amid changing political climates and economic factors.