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Growth Momentum in Recovery as We Review 2020


Growth Momentum in Recovery as We Review 2020
In the first half of 2020, the COVID-19 swept through the world against our expectations.
In the second half of 2020, the market recovered faster and better than we thought. In the gloomy year of 2020, we do see the dawn of light and strength.
The resilient Chinese jewelry market is a booster for the global market
The pandemic deals a blow to all aspects of the overall economy. In the past five years, total retail sales of consumer goods declined for the first time in 2020, down by 3.9% year-on-year to 39 trillion yuan. The jewelry industry underwent several lean years before the pandemic. From 2016 to 2020, the retail sales of gold, silver and jewelry products by enterprises above designated size declined year by year, and its proportion in total retail sales of consumer goods dipped from ....

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