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But China still remains the second largest consumer of the yellow metal after India.

07 Feb 2013

BEIJING(Commodity Online): China maintained it's position as the world's largest producer of gold for the sixth consecutive year. Gold output of China increased 11. 66% and reached a record high of 403.05 tons in 2012, said China Gold Association.

But China still remains the second largest consumer of the yellow metal after India.

Of the total output, 82.71% for the year is from the country's main ten gold producing regions including provinces of Shandong, Henan, Jiangxi.

Favourable government policies have helped the mining industry to remain on a fast track. From 2007 China is the largest gold producer in the world.

Meanwhile, gold imports to mainland China from Hong Kong almost doubled to new highs in 2012 as people continue to purchase gold.

Mainland China opted for gold bash importing a breathtaking 834,502 kilograms or 834.5 metric tons of gold, including scrap and coins in 2012. On a pale note, one could see that it imported only 431.2 metric tons in 2011.

The doubling in demand in 2012 is solely private demand and does not take into account official Chinese buying.


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