USEUROPEAFRICAASIA 中文双语Français
Home / Business

All that glisters is no longer gold in the city of Zhaoyuan

By Zhong Nan and Zhao Ruixue | China Daily | Updated: 2013-10-21 07:06

Mining hub seeks other ways to turn an honest penny as reserves of precious metal start to decline

China's gold capital, Zhaoyuan, used to be the very model of optimism. As the country basked in economic success and the city in Shandong province faced the possibility of stiffer economic competition from its neighbors, there was always a loud chorus of reassurance: "Our gold-filled mines will always keep us ahead."

But the shaky premises on which that hope was built have begun to dawn in Zhaoyuan as the price of gold has fallen this year and as it has become clearer that the city's gold mines are not bottomless.

All that glisters is no longer gold in the city of Zhaoyuan

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US