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Author: | Zou, Xiaolei |
Title: | Gold market, a need of market economy (original in Chinese) |
Journal: | Shanghai Economy (c)
1994 : 1, p.12-14 |
Index terms: | MARKET ECONOMY GOLD CHINA |
Language: | chi |
Abstract: | Gold market will improve macro-adjustment and financial stability. Shanghai has conditions to become the national center of gold concentration, distribution and exchange. Because Shanghai has professional gold and silver smeltery, convenient transportation and advanced economy. Shanghai has become the selling center of gold ornaments. The developing market economic system supplies the external conditions for Shanghai gold market. The gold market will be composed of both wholesale and retail. The price of the gold will be floating in accordance with that of the international gold market. |
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