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: a视频在线 | 毛片视频免费观看 | 国产黄在线 | 天天操天天操天天干 | 一区二区三区视频免费观看 | 国产成人97精品免费看片 | 色综合天天 | 爱爱视频在线播放 | 一区二区三区有限公司 | 国产尤物视频 | 三级视频国产 | 香蕉人人精品 | 中文字幕导航 | 欧美精品黑人猛交高潮 | 黄色影院在线观看 | 国产精品成人在线视频 | 久久久国产精品人人片 | 自拍偷拍在线视频 | 日少妇视频 | 天天爽av | 久久久久免费看 | 亚洲免费色视频 | 欧美一级大片在线观看 | 村上凉子av | 日韩av片在线免费观看 | 四虎综合 | 亚洲天堂中文字幕在线 | 成年人午夜视频 | 国产成人久久精品 | 亚洲最大中文字幕 | 好看的中文字幕 | 成人免费看片视频 | 九九综合九九 | 久久久久国产一区二区三区 | 青草av在线| 亚洲老头老太树林hd | 国产另类av| 日本www在线观看 | 午夜视频在线观看一区 | 欧美精品久 | 国产精品美女在线 |