China’s gold rush: Shoppers seek safe haven amid economic uncertainty and slowing growth

In China, gold has become a popular investment as shoppers seek safe havens amid economic uncertainty and global tensions, with prices hitting record highs. At Beijing’s Two Sessions meetings, officials expressed confidence in meeting the 5% GDP target by boosting domestic consumption and supporting the private sector, including a $138 billion fund for tech start-ups. The government is prioritizing future industries, highlighting innovations like DeepSeek’s AI chatbot, while financial markets show optimism with Hong Kong shares rallying. However, potential US tariffs pose risks, though Beijing claims readiness with ample policy tools. As economic challenges persist, gold remains a symbol of stability and security for many Chinese citizens.

Al Jazeera’s Katrina Yu reports from Beijing.

Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Download AJE Mobile App: https://aje.io/AJEMobile

#ChinaEconomy #GoldRush #China GDPGrowth #ChinaTechInvestment #TrumpTariffs #GlobalFinancialMarkets #ChinaDomesticConsumption #HongKongStocks

Post from Al Jazeera on March 06, 2025

View Original Post