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China - Gold Facts
- The world’s largest producer of gold - 350.9 tonnes of gold
produced in 2010 (13.1% of world production)
- Demand for gold in 2011 reached 769.8 tonnes, second only to
India and 20% increase from the previous year
- Gold demand for investment reached a total of 258.9 tonnes, or
$13.4 billion in 2011
- More than 80% of gold jewellery in China is made from pure 24
carat gold - hedge against potential unsustainable growth in property
prices experienced in recent years
- Significant holder of gold reserves - 1,054 tonnes official
sectors holdings in 2010
- 60% of Chinese gold production comes from five provinces:
Shandong, Henan, Jiangxi, Yunnan and Fujian
- China has a large number of relatively small operating mines,
consolidation has reduced the number of producing entities from 1,200
in 2002 to 700 at the end of 2010
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