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Report on China Gold Production Industry

  • Date Submitted: 08/26/2016 10:49 PM
  • Flesch-Kincaid Score: 55.6 
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Aug, 27, 2016, Mumbai, India: Market Reports on China presents the report, on “Research Report on China Gold Production Industry, 2017-2021”. Gold is a special product with properties of both general commodities and currencies as global strategic assets and foundation of various financial reserve systems.

The gold production sources include gold mining enterprises, non-ferrous metal smelting enterprises and gold smelting enterprises. "http://www.marketreportsonchina.com/industry-mfg-market-research-reports-23296/gold-production-china.html"

The output volume of gold was 450.053 tons in China in 2015 decreasing by 1.746 tons with a decline of 0.39% YOY compared to 2014, of which the gold deposit was 379.423 tons and that of nonferrous metal by-product gold was 70.630 tons. The market concentration rate of China gold manufacturing industry is high. The output volume of finished gold products and mineral gold of leading enterprises including Zhongjin Gold, Zijin Mining Group, Shandong

Gold Group and Shandong Zhaojin Group accounts for about half of the total in China.

Chinese residents prefer to deposit and invest in noble metal like gold for its characteristics as a tradition. The consumption volume of gold was 985.90 tons in China in 2015 increasing by 34.81 tons at a rate of 3.66% compared to 2014. The jewelry gold accounts for over 70% of the total while other major consumption fields include gold bars, gold coins and industrial gold.

Gold is a special product with properties of both general commodities and currencies as global strategic assets and foundation of various financial reserve systems. According to the latest data released by People's Bank of China on Jul.17, 2015, the gold reserve increased by 604 tons to 1,658.1 tons and reached 1,762.32 tons by the end of 2015 compared to six years ago.

The average international gold price was as slump as 1,156.19 dollar/ounce with a decline of about 40% compared to April 2013. The output volume...

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