·Chinese(gb) ·English ·ฉบับภาษาไทย ·Tiếng Việt
WAPWeb Accessibility RSS
Home About Liuzhou Government Liuzhou News Live in Liuzhou Travel in Liuzhou Invest in Liuzhou Interact
Current Location:  Home > Liuzhou News > China
China's gold consumption continues to grow
Date:2018-11-07  Source:Xinhua

China's gold consumption continued to grow in the first three quarters of this year due to strong domestic demand.

Gold consumption went up 5.08 percent from a year ago to 849.7 tonnes in the January-September period, the China Gold Association said Tuesday.

Gold jewelry sales posted stable growth and contributed nearly two thirds of the total domestic gold consumption, while sales of industrial gold products and others registered the most rapid expansion, at 24.68 percent.

Gold coins, only accounting for around 2 percent of the total domestic gold consumption, rose 6.47 percent.

The association said the jewelry sales remained robust as dropping gold prices prompted consumers to buy more. Meanwhile, investors started to prefer gold and other physical assets amid increasing global uncertainties, while steady demand for electronics boosted industrial use of gold.

China has been the world's biggest gold producer for 11 years and the biggest gold consumer for five years.

   Print   To Top    Close  

Related Articles

China's iron and steel industry maintains steady growth
China, Indonesia sign currency swap deal
China's courier sector steadies in first 3 quarters
China advances to global top 50 in business climate: World Bank
Chinese banks at forefront of cross-border payment innovation
China pledges more measures to attract foreign investment
China to advance mass entrepreneurship and innovation
Tencent's WeChat to launch cross-border payment service for Hong Kong users o...
China's consumption to maintain stable growth: commerce ministry
Economic Watch: China's economic fundamentals point towards high-quality deve...
Home  │ About Liuzhou  │ Site Map  │ Service and Privacy │ FAQ │ Download Forms   │ Contact Us
Copyright (C) 2006 The People's Government of Liuzhou Municipality,All Rights Reserved
Sponsored by Liuzhou Informational Leading Group Office (The Bureau Of The Information Industry Of Liuzhou)
Prepared by Liuzhou Network Management Centre Address:No. 66, Sanzhong Road, Liuzhou, China
ICP Certificate No.05009280