The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Monday, 14th May 2007 (4430 views)

Gold production in China has increased by almost 16 per cent in the first quarter of 2007 compared with the corresponding period for last year.

A total of 56.183 tonnes was produced in the first quarter of 2007, explained the China Gold Industry Association, which represents a year-on-year rise of 15.99 per cent.

Commenting on the development, Sun Zhaoxue, head of the China Gold Industry Association, stated that the gold industry in his country was currently enjoying something of a rapid growth period.

He went on to say that 2006's gold production in China was record-breaking as the country benefited from greater profits and output.

Last month, the China Gold Association announced that the quantity of sales in terms of the gold and jewellery markets in China had witnessed a 20 per cent annual rate of growth. This represents a collective total of 1,400 billion Yuan (£92 billion).

Additionally, the groundwork has been put in place for the future launch of the China Gold Industry Standardisation Technical Committee.

 

« Back to Gold News stories