GOLD PRODUCTION - China

China is now the world’s largest gold producing nation - with annual gold mining outputs of over 200 tonnes.

China's appetite for gold in jewellery and bullion is large at around 300 tonnes. So china imports about 100 tonnes per year. Shanghai Gold Exchange, establishment of 2002, allowed Chinese rising middle class to trading and gain private ownership of gold bullion. China’s mining industry is also going through a period of rapid growth to surge into Top 10 Gold Producing Nations (4th now 1st) thus investment is booming in Chinese gold mining stocks.

[related : top gold producing nation, gold mining in China, gold mining stocks]