China Retains Its Title as No. 1 Gold Producer

Source:

"In spite of a massive earthquake and an international financial crisis, China produced 11.5 more tonnes of gold in 2008 than in 2007."

The Chinese Gold Association (CGA) said China's 2008 gold production increased 4.26% to 282 tonnes, retaining its title of the world's largest gold producer.

In spite of a massive earthquake and an international financial crisis, China produced 11.5 more tonnes of gold in 2008 than in 2007.

The provinces of Shandong, Jiangxi and Henan were the top three gold mining provinces, producing 46.4% of the country's production, according to Shanghai Daily.

In 2007 China surpassed South Africa as the world's biggest gold producer with a production of 270.49 tonnes of output that year.

The CGA also reported that trading volume in 2008 increased 174.8% from 2007 to 868.39 billion yuan (U.S.$127.14 billion) on the Shanghai Gold Exchange.

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