The nation’s gold output between January and October was of 323 tonnes, 11% more than in the same period last year.
China is expected to remain as the world’s top gold producer for the sixth consecutive year in 2012, the country’s gold association forecast Thursday.
According to China.org, the industry association’s latest data shows the nation’s gold production between January and October was of 323 tonnes, which represents a 11% increase from the same period last year.
Since 2007, when China overtook South Africa as the world’s biggest gold producer, the country has remained among the world’s top bullion producers and, as of last year, as the number one, according to China Gold Association's report.
The country is also the world's second-largest gold consumer after India. ...