Shuibei, in southern China, is home to one of the world's biggest retail markets for gold. Over the past year, it's seen a boom in demand for the jewelry, sold by thousands of stallholders, as the Chinese property crisis and slowing economy spurred a flight into gold. So much so that Chinese consumers helped propel the global gold price to record highs in 2024.

On today's Big Take Asia podcast, K. Oanh Ha talks to Bloomberg's Chongjing Li about the enduring appeal of the precious metal in China, and what lies ahead.


Read more: The Epicenter of China’s Gold Craze Is a Former Fishing Village

Watch, from Bloomberg Originals: What Gold’s Crazy Run Says About China

Shuibei, in southern China, is home to one of the world's biggest retail markets for gold. Over the past year, it's seen a boom in demand for the jewelry, sold by thousands of stallholders, as the Chinese property crisis and slowing economy spurred a flight into gold. So much so that Chinese consumers helped propel the global gold price to record highs in 2024.
On today's Big Take Asia podcast, K. Oanh Ha talks to Bloomberg's Chongjing Li about the enduring appeal of the precious metal in China, and what lies ahead.
 Read more: <a href="https://www.bloomberg.com/news/articles/2024-10-31/gold-demand-in-china-is-driving-shoppers-to-a-massive-jewelry-hub">The Epicenter of China&rsquo;s Gold Craze Is a Former Fishing Village </a>Watch, from Bloomberg Originals: <a href="https://www.youtube.com/watch?v=72jdzIsXJSI">What Gold&rsquo;s Crazy Run Says About China</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

What's Behind Gold's Record Rally

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/22e37bc0-943c-4db9-a912-b27600e912e2/transcript

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