Laopu's surprise rise is driving a boom in China's high-end gold jewelry market, outpacing weak sales by Western luxury rivals in China. The shift implies stronger domestic demand for gold jewelry and could boost gold producers/retailers and related equities while creating competitive pressure on foreign luxury brands operating in China.
Laopu's surprise rise is driving a boom in China's high-end gold jewelry market, outpacing weak sales by Western luxury rivals in China. The shift implies stronger domestic demand for gold jewelry and could boost gold producers/retailers and related equities while creating competitive pressure on foreign luxury brands operating in China.
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mildly positive
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