BEIJING :China's gold consumption rose more than 16 per cent year-on-year to 554.88 metric tons in the first half of the year, while output climbed 2.24 per cent to 178.598 metric tons, a report by China Gold Association showed on Tuesday.The consumption of gold jewellery in the world's largest consumer of th
BEIJING :China's gold consumption rose more than 16 per cent year-on-year to 554.88 metric tons in the first half of the year, while output climbed 2.24 per cent to 178.598 metric tons, a report by China Gold Association showed on Tuesday.
The consumption of gold jewellery in the world's largest consumer of the precious metal increased nearly 15 per cent to 368.26 metric tons in the first half, the report said."The economy and society have fully resumed normal operation, the national economy has rebounded, and the national gold consumption has generally shown a rapid recovery trend," the association said in the report.
The production of gold enterprises has returned to normal in the first half year of 2023, the association said in a comment in a state media report published on Tuesday, adding that large enterprises were actively promoting mergers and acquisitions, which will further concentrate on high-quality gold resources.
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