China’s gold reserves have risen for 15 consecutive years


China’s gold reserves have increased annually, for 15 consecutive years, to reach 14,727.16 tons by 2020, according to a yearbook issued by the China Gold Association.
Despite factors including the Covid-19 epidemic and policies related to mining rights, the country’s gold production still ranks first in the world, reaching 365.35 tons in 2020, as the report showed, reported by the agency.
China’s new news (Xinhua) Friday.
This represents a decrease of 14.88 tons, or 3.91 percent less than the same period in 2019, according to the report.
Despite the apparent slowdown trend in gold production contraction in 2020 compared to previous years, the transformation of China’s gold production industry from high-speed growth to high-quality development shows good momentum.
The total volume of gold trading in the Chinese market reached 95,500 tons in 2020, accounting for 13.72 percent of gold trading in the global market.


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