Microblog insights

Topic1: According to the World Gold Council, China overtook India as the world's top gold consumer in the first quarter. In the first three months, Indian gold demand fell 19 percent year-on-year to 207.6 tons while Chinese gold demand grew to 255.2 tons, an increase of 7 percent from the same period last year. The concerns over high domestic inflation rates and the pursuit of new investments have driven a growing number of Chinese to gold in recent years, according to the official micro blog of The Wall Street Journal's Chinese version.

MANSHEREN: Indians buy gold for accessories while in China people purchase the precious metal mainly because they regard it as a store of wealth.

SHIZHIGUOZI: Because this year is an auspicious year for marriage in China and many people choose to get married this year, it elevates the demand for gold jewelry.

LSHANGHAISHAO: Seeking to buy gold as a store of wealth is not always a good sign.

QFENG2012110: The price of gold is going to surge then.

Topic 2: It has been inevitable that global car manufacturers are rushing to cater to China's new rich, with China becoming more and more important in the automobile market globally. As of 2009, China is the world's largest and the fastest-growing light-vehicle market. It's estimated that sales in 2012 will be more than 18 million, in comparison with about 14.5 million for the US market. Ferrari, for example, introduced a special-edition 458 Italia in April with an image of a dragon coiled across the hood and a racetrack-like design on its back, according to The Wall Street Journal.

KAILIU-SCORPIUS: It is like a foreign woman wearing a cheongsam. It feels strange despite looking pretty.

FULL_HOT: There is no need to worry about the designs being vulgar because the demand for these high-end cars will be great.

XIXILIXIXILI: Oh, I'm worried that the reputation of the luxury car brand Ferrari might be destroyed.

XIAOXIN668: I deeply doubt that many high-end customers in China will buy a Ferrari car with the dragon tattoo.

All the information is from Sina Weibo.