According to the first quarter report "Gold Demand Trend in China," released by the China office of the World Gold Council, China has become the second biggest gold consumer market, and its demand for gold will double in the next 10 years.
With China's great contribution to the global gold market in the first quarter of 2011, the quantity of the global demand for gold amounts to 981.3 tons, 11 percent higher than a year earlier, the report indicates. The demand for gold jewelry in China in the first quarter hit a fresh record high, totaling 142.9 tons, 21 percent more than a year before.
By People's Daily Online
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With China's great contribution to the global gold market in the first quarter of 2011, the quantity of the global demand for gold amounts to 981.3 tons, 11 percent higher than a year earlier, the report indicates. The demand for gold jewelry in China in the first quarter hit a fresh record high, totaling 142.9 tons, 21 percent more than a year before.
By People's Daily Online
Weekly review
May 12
No winners in U.S. hi-tech export controls
May 12
China should view livelihood issues from strategic perspective
May 11
Syria will not be another Libya
May 06
Beijing-Shanghai high-speed railway to launch 10-day trial run
May 14
The week in pictures
May 11
2000-year-old wine unearthed in Henan province
May 11
Scientist: China plans to build lunar research base
May 09
Apple employee, customer reach settlement after Beijing iPad brawl
May 12
Wenchuan Reconstruction: 'Chinese miracle' impresses world
May 12
No winners in U.S. hi-tech export controls
