日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

WGC: Growth of middle class 'will support demand for gold'

By Lyu Chang (China Daily) Updated: 2014-09-12 07:24

WGC: Growth of middle class 'will support demand for gold'

A national intangible cultural heritage-" The Art of War of Sun Tze" on gold bars-makes its debut in Beijing on Tuesday. Sun was an ancient Chinese military strategist of the Spring and Autumn Period in the 6th century BC. The entire contents of his well-known 36 tactics were carved on 45 gold bars that weigh 120,000 grams in total. CHINA DAILY

Yuan internationalization likely to increase nation's need for the metal, experts say

Gold demand in China will grow steadily as the middle class expands and the yuan is further internationalized, which will require an increase in gold reserves, said trade officials on Thursday.

Although gold prices have been sliding since last year, the metal remains an attractive investment in China. Demand for gold jewelry and bars will provide a "cushion" for the price in the coming years, Aram Shishmanian, chief executive officer of the World Gold Council, told the China Gold Congress & Expo 2014 which opened on Wednesday in Beijing.

"People love gold in China, and for some, it seems to be a status symbol," he said. "For China's investors, gold will be serving as a wealth protection and store of value during times of economic turmoil because gold is a safe-haven alternative asset," he said.

WGC: Growth of middle class 'will support demand for gold'
WGC: Growth of middle class 'will support demand for gold'
Top 10 countries with most gold reserve
Chinese buyers purchased a record 1,176 metric tons of gold in 2013, with jewelry demand climbing 43 percent to 716.50 tons and bullion demand soaring 57 percent to 375.73 tons. Gold can also be used in the electronics, medical and other industries.

Purchases in China are expected to be slightly lower this year, said Albert Cheng, managing director of the WGC for the Far East. Cheng explained that last year's buying surge was partly prompted by lower prices.

He estimated that gold consumption is likely to hit 900 to 1,000 tons this year, but demand could reach at least 1,350 tons by 2016.

Meanwhile, China's push to make the renminbi a global currency will further increase the central bank's gold reserves, trade insiders said.

Song Xin, president of the China Gold Association, said that it is in China's interest to support renminbi internationalization with gold reserves.

"The internationalization of the renminbi is a clear trend though it is still in its infancy, with full convertibility still not implemented," he said. "But gold as a store of monetary value and the purpose it serves in financial markets have already been given great importance."

Song said that China's gold market has seen dramatic growth during the past decade but consolidation is necessary, because miners and refiners are under mounting pressure from falling prices. "We need to combine resources and encourage mergers and acquisitions," he said.

The People's Bank of China had gold reserves of 1,054 tons in 2009, accounting for only about 1 percent of its massive foreign exchange reserves. However, reports have indicated that the central bank may soon lift that figure to 2,710 tons.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 中文字幕第一页在线播放 | 精品久久国产视频 | 欧美黄色大片免费观看 | 久久99久久99精品免观看粉嫩 | 夜夜爽网站 | 国产精品美女在线 | av观看免费| 日韩aaaaaa | 久久久影视| 亚洲成a人片在线 | 成人午夜毛片 | 亚洲欧美日韩久久 | 免费在线观看日韩av | 成人首页 | 日日爽爽 | 91福利影院 | 欧美孕妇性生活 | 国产三级短视频 | 亚洲综合自拍偷拍 | 91热热| 福利久久久 | 欧美三级美国一级 | 成人黄色在线视频 | 亚洲精品18在线观看 | 欧美成人a| 免费网站在线播放 | 伊人色影院 | 成人精品一区二区三区中文字幕 | 欧美第九页 | 午夜精品久久久久久久99 | 日韩蜜桃视频 | 黄色日韩 | 日本黄色小说视频 | 99精品久久久久久 | 国产九九在线 | 操操操操操操 | 日本一区中文字幕 | 亚洲狠狠 | 欧美一级视频免费观看 | 中文字幕的 | 久久精品99国产精 |