China is the world’s largest gold producer and consumer.It had a total of 2,000 tonnes (t) gold reserves as of January 2020, accounting for 4% of the global reserves.
China’s gold production has been negatively affected by the COVID-19 pandemic in Q1 2020, and together with the impact of the trade war with the US and strict environmental regulations, the production is expected to fall by 7% in 2020.China’s gold consumption is mainly meant for jewellery use, representing 73% of total gold consumption, while the remaining 27% was used for bars and coins.
The overall consumption is expected to contract by 14.2% in 2020, due to a strong increase in gold prices, along with heavy impact of pandemic over the beginning of the year. The restrictions imposed by the Chinese government over gold, has subdued the country’s value of imports with a fall of 4.1% in 2019.
– The report contains an overview of China’s gold mining industry along with a scope of domestic demand which mainly consists of jewellery and bar and coins consumption.
– It also provides detailed information on reserves, gold production, production by company, major operating mines, competitive landscape, major exploration and development projects and gold prices.
Reasons to Buy
– To gain an understanding of Chinese gold mining industry and its domestic demand
– Comprehensive evaluation of the impact of COVID-19 on the China’s gold mining industry
– To understand historical and forecast trend on China’s gold production
– To assess the key gold players in Chinese gold mining industry
– To gain an understanding of major active, exploration and development projects in China
– To understand the domestic gold demand for jewellery and bar and coins use.
Read the full report: https://www.reportlinker.com/p06003754/?utm_source=GNW
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