The Chinese people are making their final plans for the spring festival holiday. Some are planning for their big dinner, some others are preparing for a self-drive tour. The market is therefore receiving a major boost from the upcoming holiday.
An increasingly large number of people flocked to jewelry stores, including many elders. According to sales clerks, many customers are buying gold ornaments before the Chinese New Year to give them to their children as New Year gifts while also meeting the purpose of savings investment.
Pig-shaped gold ornaments are being sold like hot cakes as 2019 is the lunar year of the pig. The prices of the pig-shaped ornaments surged 15% from the slack season.
Industry insiders remind that the market price of non-investment gold, such as gold and jewelry, is much higher than that of investment-type gold bars, making it difficult to find high-quality liquidity channels. Investors need to be cautious when they buy gold ornaments for investment purposes.
The New Year’s Eve dinner, the biggest of all for the Chinese people, is the time for family reunion. Most restaurants have had their tables booked in advance. Frugality will be the dominant feature of the reunion dinners.
Chinese people from all corners of the world celebrate the Chinese New Year, also known as the Spring Festival. The Chinese New Year’s Eve dinner is a time when family members reunite for a festive meal, so it’s also a family reunion dinner.
Many people are making preparation for self-drive tours during the holiday. In the meantime, the price for car wash has shot up by 50% due to the shortage of workers during the holiday.
(source:ourjiangsu.com)
