China’s gold production falls, consumption rises in 2015 – industry body

 

China produced slightly lower quantity of gold last year, but saw a rise in consumption due to an increase in demand for gold jewellery, the China Gold Association said.

National gold production in the world’s biggest producer and consumer in 2015 stood at 450.053 tons, down 0.4 percent. Consumption was up 3.66 percent to 986 tons, the industry body said.

Affected by falling gold prices, Chinese gold output in 2015 saw negative growth for the first time, but China remained the world’s biggest gold producing country for the ninth year in succession,” the association said in a report on its website (www.cngold.org.cn).

 

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