China not India set to dominate gold demand and consumption

According to the China Youth Daily, the Daiwa Institute of Research has suggested that China's gold reserves should reach 6,000 tonnes in the next 3 to 5 years and perhaps 10,000 tonnes in 8 to 10 years. In September China’s gold output rose 13.4% in the first seven months of this year to 172.867 tonnes, and it produced 26.36 tonnes in July..

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