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"Given the differences in their business models, Youon will be little affected by the rising public bicycle sharing businesses in China," he said.
"Gold's safe-haven asset status remains strong due to global geopolitical and macroeconomic challenges, such as the trade conflict, Brexit, and inflationary pressure. Investments in bars and coins improve as the performance of other asset classes weakens."
"For example, a luxury-brand handbag will be costly, but a lipstick from the same brand would be much more affordable to consumers," Zhen said.
"For example, our index agrees with both the Barclays and the Bloomberg indices in estimating Chinese growth to have been around 11 percent in 2007, and not to have experienced a substantial spike before the financial crisis, while the official GDP series records growth as spiking from 12 to 15 percent between 2005 and 2007. However, our predictions for current Chinese growth rates are above those of market participants, as well as of the Chinese government itself," the report said.
"Foreign investment in the sectors of securities, asset management and insurance will see rapid growth in the next few years as China further opens up the financial sector," said Zhang Xiaotao, dean of the School of International Economics and Trade at the Central University of Finance and Economics.
来源：资阳报