LINE

Text:AAAPrint
Economy

China continues leading the world in gold production, consumption

1
2016-10-06 10:00Xinhua Editor: Feng Shuang ECNS App Download

China is set to continue to lead the world in production and consumption of gold, Song Xin, head of the China Gold Association (CGA) said.

China produced 516 tonnes of gold in 2015, up 0.6 percent from 2014, more than any other country.

Increasing demand for gold jewelry and bars made the country consumed 986 tonnes of the precious metal in 2015, up 3.7 percent, also the highest in the world.

Till the end of 2015, China had been the world's leading gold producer for nine years and consumer for three.

For the first half of 2016, China produced 229 tonnes of gold and consumed 529 tonnes, the CGA data showed.

In April this year, China launched a yuan-denominated Shanghai gold benchmark price, a move which Song said showed China's increasing sway in the global gold market.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.