The boom not affect ‧ gold production increase by 12% - hpc


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China's official media reported even if China's domestic economic slowdown, gold production last year compared with the same period in 2011still increase almost 12%.
Xinhua reference data of the Chinese Ministry of Industry and Information Technology said, last year gold production amounted to 403.1 tons, representing an increase of 11.66% over 2011.
China is the world's second largest consumer market for gold, after India. World Gold Council estimates that the demand for gold consumption in China last year was 776.1 tons, the same as in 2011.
According to the latest report published this month by the World Gold Council, flat gold demand in China due to domestic economic slowdown coupled with the gold price consolidation, investors deterred.
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