The Zhitong Finance App learned that the World Gold Council released the “China Gold Market Monthly Review”, which mentions that recently released value-added tax adjustments have accelerated the integration of the jewellery industry, have now had a negative impact on jewellery consumption, and may continue to impact jewellery sales in the short term. However, the Association believes that this move will eliminate stores with weak financial strength and product competitiveness, make the industry structure more reasonable, develop healthier, and promote the return of the market to focus and innovation on the “jewellery” attributes of gold jewellery.

The Zhitong Finance App learned that the World Gold Council released the “China Gold Market Monthly Review”, which mentions that recently released value-added tax adjustments have accelerated the integration of the jewellery industry, have now had a negative impact on jewellery consumption, and may continue to impact jewellery sales in the short term. However, the Association believes that this move will eliminate stores with weak financial strength and product competitiveness, make the industry structure more reasonable, develop healthier, and promote the return of the market to focus and innovation on the “jewellery” attributes of gold jewellery.