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China's gold investment demand rises as jewelry buying weakens_我的网站

一 |     (ECNS) -- China’s gold consumption edged up 1.23% year on year in the first half of 2026, as strong demand for investment products offset a sharp decline in jewelry purchases, according to the China Gold Association.    Demand for gold bars and coins rose 28.42%, while gold jewelry consumption fell 33.88%. The association said high and volatile prices continued to reshape the market, boosting interest in physical gold investment while weighing on jewelry and industrial use.    Gold produced from domestic raw materials fell 14.62% after some mines temporarily halted operations for safety inspections. Meanwhile, output from overseas mines operated by major Chinese gold groups rose 21.43%.    China’s central bank boosted its gold reserves by 40.12 metric tons in the first half of 2026. From November 2024 to June 2026, it has been increasing its gold holdings for 20 consecutive months.    (By Intern Yang Hongran, Zhang Dongfang)                    。    (ECNS) -- Chongqing, a major automobile manufacturing hub in southwest China, exported vehicles worth 35.33 billion yuan (about $5.23 billion) in the first seven months of 2026, up 57.1% year on year, according to customs data released Thursday.    Changan Automobile, Seres and Great Wall Motor are among the major automakers headquartered in or operating production bases in the city.        Changan Automobile also reported strong growth in overseas deliveries, with 82,300 vehicles delivered overseas in August, up 79.1% year on year. Seres, meanwhile, launched its first dedicated cross-border freight train via the China-Laos Railway under the New International Land-Sea Trade Corridor in 2026, marking the first time Chongqing has used the route for a customized train carrying complete vehicles for export.    "The globalization of China's automobile industry is in full swing," said Wang Hui, executive vice president of Changan Automobile. He noted that overseas market research has shown strong acceptance and recognition of Chinese auto brands.    "We have seen strong demand for Chongqing-made vehicles in the Central Asian market this year, with more companies entering the automobile export business," said Liu Lei, a Chongqing-based auto export dealer.    Chongqing has launched the "Yuche Chuhai" (Chongqing Automobiles Going Global) action plan to build a nationally leading export base for intelligent and new energy vehicles (NEVs). The plan aims to increase the city's annual NEV exports to more than 120 billion yuan by 2027.    (By Tang Yuxian)                        。

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