日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

chinadaily.com.cn
left corner left corner
China Daily Website

Stone bubble bursts as hot money ebbs away

Updated: 2012-08-13 10:17
By Guo Anfei and Li Yingqing in Kunming ( China Daily)

Stone bubble bursts as hot money ebbs away

Stone bubble bursts as hot money ebbs away

In the Kunming Jade and Jewelry Mall, crowds of people used to haggle loudly over jade bracelets, necklaces, rings, and ornaments. But now the hustle is gone.

The jade bubble in Southwest China's Yunnan province is bursting after more than a decade as hot money is withdrawing.

According to traditional Chinese culture, jade brings happiness and luck to its owners and keeps evil away.

Li Jinsuo, a jade shop owner who has been running his business in the mall for 12 years, said his sales volume dropped at least 30 percent this year compared to last year.

Stone bubble bursts as hot money ebbs away
Stone bubble bursts as hot money ebbs away

Over the past decade, Li's jade accessories and ornaments sold very well and he was often out of stock for some products. But starting from the beginning of the year, the prices of low- and middle-grade jade products dropped 20 to 30 percent, although the prices of high-grade jade remain steady.

"The current lackluster jade market is a reflection of the slowing Chinese economic growth and the world's as well", said Li Lianju, deputy director of the department of land and resources of the Yunnan provincial government.

"It's normal that the jade market is starting to adjust and becoming rational after a frenzy that lasted years", he added.

"Starting in 2005, jade prices soared. Emerald prices increased almost five times from 2005 to 2011. The trade volume for jade in Yunnan has jumped from less than 20 billion yuan ($3.17 billion) in 2005 to over 30 billion yuan in 2011," Li Lianju said.

The price surge attracted hot money from across the country. Yunnan's jade market accounts for 70 percent of the country's total and is considered a bellwether.

"A top-class emerald bracelet cost 100,000 yuan in 2005, but the price soared to 500,000 yuan in 2010. You can imagine how huge the bubble is", Li Lianju said.

Many buyers and collectors believe that jade is unique, according to the Chinese saying "gold can have a price but not jade, collect jade instead of gold".

Li Lianju believes that prices will decrease about 10 percent a year in the coming three years.

Contact the writers at guoanfei@chinadaily.com.cn and liyingqing@chinadaily.com.cn

 

Chinese jade market reflecting the economic growth

Caught up in the jade craze
Jade too expensive following price surge
Water-color jade a new option for investors
Xinjiang's jade business off-limits to officials
Xinjiang promotes jade festival
$108m green jade pieces displayed

...

...
...
主站蜘蛛池模板: 日韩欧美中| 中文字幕国产在线观看 | 国内毛片 | 国产黄色免费在线观看 | 久久亚洲免费视频 | 上原亚衣在线 | 中文字幕一区二区三区在线观看 | 免费网站在线高清观看 | 麻豆国产精品 | 青娱乐在线视频免费观看 | 国产妞干网 | 在线观看亚洲欧美 | 中文字幕在线日亚洲9 | 欧美亚洲精品在线观看 | 香蕉av网站 | 久久成人免费视频 | 97国产视频 | 欧美久久久久久久久久久久 | 成年人精品| 欧美视频不卡 | 久久观看最新视频 | 国产激情在线 | 欧美日本韩国一区 | 男人深夜网站 | 欧美一级片在线播放 | 久久夜视频 | 亚洲精品一线 | 男人的天堂a在线 | 色综合久 | 欧美区日韩区 | 欧美女优排行 | 一级黄色淫片 | 欧洲黄色网址 | 久草视频手机在线 | 懂色av一区二区三区在线播放 | gogogo免费高清日本写真 | 国产 日韩 欧美 在线 | 热热热热色 | 国产精品久久婷婷六月丁香 | 亚洲在线免费看 | 欧美日韩综合 |