Pursuits
Gold Horses Boost Chinese Jewelers as Bullion Slumps
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At a shopping mall in western Beijing, Jiang Xue points to a rectangular gold pendant inscribed with a galloping horse and hands half her monthly salary to Chow Tai Fook Jewellery Group Ltd.
The 42-year-old accountant is one of millions of consumers in the world’s most-populous nation purchasing gifts this week for holidays starting tomorrow that mark a change in the Chinese zodiac calendar from the snake to the year of the horse.