West China Development Brings Opportunities for Jewelry Economy

Experts agree that the development of west China will bring about infinite opportunities for the jewelry economy.

According to calculation, large and super-large unexplored mineral resources are mostly located in western regions of China. In light of the fact that 60 percent of the gold reserves and the gold mines of the highest grade are all located in central and western regions, the Gold Bureau of the State Economic and Trade Commission recently set up a leading group for the work of western development, so as to further intensify the efforts for exploiting gold resources of western regions.

Li Zhaorong, deputy director of the Economic and Trade Department of Yunnan Province, said that only one-tenth of the world people own jewelry. With the economic development and rising living standards, the consumption of jadeite will continue to increase. As the largest producing and marketing base of jade and jadeite, Yunnan has a great prospect for developing its jewelry market. Li predicted that the adornment of modern style and the articles of ancient characteristics will sell well in future. With the consumption consciousness strengthened around the world, only precious stone, jade and jadeite can replace the consumption craze of gold. How to grasp the opportunity is a hot issue which is of great significance to the development of west China and elimination of poverty in Yunnan.

Sun Zhimin, director of Beijing Gold Economy Development Research Center, said that the Chinese people have since ancient times shown great favor for gold and silver decorations. The consumption market has great potential. However, one point should not be neglected: due to the specific condition of west China, neither the method of scattered investment nor the method of highly-concentrated investment should be adopted.for the development of west China. In addition to the new Eurasian Bridge, the unique terrain and landform also impose restrictions on implementation of large "axis"-type opening. Therefore, the style of developing middle and small "footholds" can be the leading style of future spatial development of the western regions.



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