Thousands of Gold Shops in China Collapse Overnight, Chinese Aunties Crash Gold Prices
Thousands of Gold Shops in China Collapse Overnight, Chinese Aunties Crash Gold Prices
Udumbara
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According to the latest data from mainland media, in 2025, gold and jewelry listed companies will shut down at least 3,000 sales points in China. Chow Tai Fook closed 905 stores, averaging 2.5 closures a day, ending 12 years of expansion. Chow Sang Sang's revenue fell 37% in the first three quarters, and Meng Jinyuan lost 70 million yuan in the first half of the year.
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