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 / Industries

China's gold consumption surges

(Xinhua) Updated: 2014-02-11 16:53

China's gold consumption surges

A gold statue made to commemorate Year of the Horse (starting as of Jan 31, 2014) on display at a jewelry shop in Handan, Hebei province. [Hao Qunying / For China Daily]


BEIJING - China's gold consumption surpassed the 1,000-ton mark last year as domestic demand for jewelry and bars surged despite the lackluster global market.

Consumption soared 41.36 percent year on year to 1,176.4 tons in 2013, nearly triple the amount of its total domestic gold production, data released by China Gold Association (CGA) showed on Monday.

The figure is likely to mean that China will take the place of India as the world's largest gold consumer, under the backdrop that shrinking gold prices and concerns that the Federal Reserve might withdraw its quantitative easing stimulus had dampened market sentiments last year.

The marked increase was mainly attributed to the country's surging demand for gold jewelry and bars, which increased 42.52 percent and 56.57 percent year on year to 716.5 tons and 375.73 tons respectively.

In the second quarter of 2013, the international gold price dropped to around $1,400 per ounce from the $1,600 level, prompting Chinese consumers to go on a shopping spree.

The frenzied purchases nearly exhausted the gold inventory of China's jewelers and coined the word "dama" referring to Chinese middle-aged bargain-hunting women, the main purchasers.

Chinese "dama" contributed greatly to the increase in 2013, which was much higher than the around 10-percent growth in 2012.

However, China's interest in gold was contrary to the international market, as the price of gold plunged to below $1,200 per ounce by the end of 2013, dubbed as the cost line of gold production.

The increase of gold consumption may slow this year because of weak market outlook, Beijing Times quoted Xiao Lei, a gold market analyst, as saying on Tuesday.

Nevertheless, analysts believe sales of gold bars and jewelry would keep rising in the next three to five years boosted by the increasing income of Chinese citizens, according to the report.

Data from CGA also showed that consumption of gold coins, often bought for collection and gifts, dropped 1.07 percent year on year to 25.03 tons, as the country capped central and local governments' budgets and continued with its anti-corruption campaign.

China produced 428.16 tons of gold in 2013, up 6.23 percent year on year and making it the world's largest producer for the seventh straight year, data from the association showed.

China's central bank announced on Monday to keep the country's gold reserve at 1,054 tons, flat for the fifth straight year.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 亚洲成熟少妇视频在线观看 | 久久久欧美 | 国产一区二区三区视频免费观看 | 亚洲欧美视频一区 | 美女久久视频 | 亚洲区免费视频 | 91福利视频网 | 中文字幕精品在线视频 | 淫片在线观看 | 特级西西人体444www高清大胆 | 91精品久久久久久粉嫩 | 毛片天堂 | 97精品国产 | 色偷偷综合网 | 久久久久久久久国产精品 | 少妇久久久久久久 | jizz亚洲少妇 | 欧美日韩乱码 | 黄页在线观看 | 日韩av手机在线 | 日韩国产欧美精品 | 天天干天天摸天天操 | 超碰人人人人人人人 | 国产激情影院 | 999国产精品 | 国产视频网 | 黄色网入口站 | a视频在线观看 | 亚洲第一网站 | 91偷拍精品一区二区三区 | 日日夜夜精品视频免费 | 综合中文字幕 | 欧美日韩一区二区三区四区五区六区 | 欧美视频在线观看免费 | 亚洲色图日本 | 国产伦精品一区二区三区照片 | 欧美国产精品一区二区 | 免费在线毛片 | 黄色片一区 | 天堂av免费看 | 91夫妻论坛 |