Deutsche Bank downplays impact of China’s gold VAT reform on demand By Investing.com
Update: 2025-11-04
Description
Deutsche Bank's recent update on China's new value-added tax rule reveals that while it will increase jewellery store expenses by 7%, it's unlikely to significantly impact gold demand. Chinese investment demand for gold has remained robust, with imports climbing despite price increases. The special tax offset for certain gold products and potential profit margin adjustments by jewellers further support the notion that China's gold market will remain strong.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
