Demand for gold in China will grow even more

Demand for gold in China will grow even more

Over the past ten years, the rapid growth of the Chinese economy has fueled a rebound in the global commodity market and now, apparently, it is the turn of consumption and investment. According to the forecast of China Gold Association general secretary Jang Binyang, China will continue to outperform other countries in retail gold sales, maintaining 20% ​​growth over the next two years. At the same time, the purchase of gold by the population for investment purposes will grow even faster, doubling every year.

July 2, 2011

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