Rising gold prices continue to prompt many consumers to buy gold accessories at the Shuibei Market, China's largest gold jewelry manufacturing and trading hub based in Shenzhen City of south China's economic powerhouse of Guangdong.
Although the week-long National Day holiday ended on Monday, there are still a large number of customers coming to buy gold jewelry at the Shuibei area.
Besides the fashion identity, young Chinese consumers choose gold jewelry also for investment reasons.
"I personally prefer buying gold jewelry. If I have money saved up, I would buy it because gold tends to hold its value well," said a local resident.
In China, gold jewelry is traditionally part of the betrothal gift given by the groom's family to the bride. Therefore, wedding gold has been selling exceptionally well in this Shenzhen market.
"At present, the gold jewelry products that sell well include items like these bangles, particularly dragon and phoenix bangles, phoenix hairpins, as well as gold pig necklaces displayed on this wall," said a gold dealer.
Moreover, the gold recycling market is also booming. Rising prices have made many gold holders choose to sell their assets for profit making at gold recycling shops.
"Last year around this time, I bought gold. It's been almost a year, I must have made a profit. I bought it for over 400 yuan (about 56.6 U.S. dollars) per gram before. Now, the current recycling price is over 500 yuan (about 70.75 U.S. dollars) per gram. The recycling price is 588 yuan (about 83.2 U.S. dollars) per gram of gold," said another resident.
China's largest jewelry market sees surge in sales due to rising gold prices
It's impossible to build a system of governance that ensures artificial intelligence (AI) systems always operate and police themselves in alignment with both human and machine well-being without the participation of China, American columnist Thomas L. Friedman said in an article on Tuesday.
Friedman, a three-time Pulitzer Prize winner and the author of "The World Is Flat: A Brief History of the Twenty-First Century," attended the China Development Forum 2025 held on March 23 and 24 in Beijing.
Based on what he saw and heard during the event, Friedman published an article in the New York Times titled "What I'm Hearing in China This Week About Our Shared Future" on Tuesday.
"There is an earthshaking event coming — the birth of artificial general intelligence (AGI). The United States and China are the two superpowers closing in on AGI — systems that will be as smart or smarter than the smartest human and able to learn and act on their own," the article reads.
Friedman cited an M.I.T. Technology Review report on the "16 humanoid robots" that danced on stage during China's televised Spring Festival gala this year which read: "Clad in vibrant floral print jackets, they took part in a signature ... dance, twirling red handkerchiefs in unison with human dancers."
Friedman wrote in his column that "In their day job, these robots work assembling electric vehicles. Dancing was just their hobby."
"The advances that China has made on AI in just the past year have made it absolutely clear that Beijing and Washington are now the world's two AI superpowers," Friedman wrote.
He mentioned a recent report by Morgan Stanley describing China's dominance over the West in the humanoid robot industry, saying the country is home to a majority of the top-listed companies in this sector.
Noting AI systems and humanoid robots offer so much potential benefit to humanity, Friedman warned they could also be hugely destructive and destabilizing if not embedded with the right values and controls.
He repeatedly stressed the importance of collaboration between the U.S. and China in AI.
"Because what Soviet-American nuclear arms control was to world stability since the 1970s, U.S.-Chinese AI collaboration to make sure we effectively control these rapidly advancing AI systems will be for the stability of tomorrow's world," Friedman wrote.
"China has greatly narrowed the gap with us and surpassed the other democracies. This can't be done without Beijing. So guess who's coming to dinner. It's a table for two now," he said.
Friedman wrote in the article that "Once AGI arrives, if we are not assured that these systems will be embedded with common trust standards, the United States and China will not be able to do anything together."
He pointed out that in this case, neither side will trust anything they trade with the other, because AI will be in everything that is digital and connected, including cars, watches, toasters, chairs, implants, and notepads.
"So if there is no trust between the U.S. and China and each of the two countries has their own AI systems, it will be the TikTok problem on steroids. A lot of trade will just grind to a halt, with only soybeans for soy sauce sold to each other," Friedman wrote, saying "It will be a world of high-tech feudalism."
Friedman said he was taken with a speech by Israeli historian Yuval Noah Harari during the conference, who said that "We should build more trust between humans before we develop truly superintelligent AI agents. But we are now doing exactly the opposite. All over the world, trust between humans is collapsing. Too many countries think that to be strong is to trust no one and be completely separated from others. If we forget our shared human legacies and lose trust with everyone outside us, that will leave us easy prey for an out-of-control AI."
Global AI governance cannot happen without China: American columnist
