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Follow on Google News | Research Report on China's Gold Market, 2010-2012Chinese people have a tradition of reserving and investing in precious metals. Gold becomes the first choice of investment and reservation due to its prosperity.
By: www.cri-report.com In 2009, China's top 10 large-scale gold enterprises produced 148.55 tons of gold, accounting for 47.31% of the total in China. Their gold reserves accounted for over 60% of the total in China. The number of China's gold production enterprises reduced from over 1,200 in 2002 to over 700 in 2009. The market concentration of China's gold industry is on the rise. Against the background of sharp fluctuations of various kinds of assets caused by the global financial crisis, international gold price maintains high, the function of gold against the financial crisis gradually reveals, and official and civilian interest in holding real gold increases continually. Since 2009, the international gold price has been running at record levels. China's gold market is also active. In 2009, the total turnover of various gold products in Shanghai Gold Exchange reached CNY1027.80 billion for 4705.90 tons; the turnover of 6,812,500 in total of gold futures in Shanghai Futures Exchange reached CNY 1527.28 billion. Although China has become a gold producing giant, it has not been a gold producing power. Seen from the overall strength, China's gold enterprises are still lagging far behind the international level. Chinese people have a tradition of reserving and investing in precious metals. Gold becomes the first choice of investment and reservation due to its prosperity. China's gold demand is particularly strong, reaching 430 tons in 2009, increasing by 8.7% over 2008 which leads the world in terms of the amplification. Because of the increasing demand for gold, the gold price in Chinese market rised up by over 200% during the past 10 years, and China's gold import volume is also on the rise. In January-October 2009, China imported 209.72 tons of gold, increasing by 480% over the total imports in 2009. In China, although the national sense of investment in gold has enhanced in recent years, it still lags behind the international standards. So far, the gold holding per capita in China has been less than 5 grams, while that in the world has reached 25 grams, indicating huge development space of China's gold market. Following and more information can be acquired from this report: -Production Status of China's Gold -Demand for China's Gold Market -Development Environment of China's Gold Market -China's Major Gold Manufacturers and Their Operations -Price Trend of China's Gold -Analysis on Hot Investment Spots in China's Gold Market -Factors Influencing Development of China's Gold Market -Prediction on Development Trend of China's Gold Market Following people are suggested to buy this report: -Gold Exploiting and Smelting Enterprises -Gold Trade Enterprises -Jewelry Manufacturing Enterprises -Investors Focusing on China's Gold Market -Research Institutions Focusing on Gold Market More details, please go to http://www.cri- # # # China Research and Intelligence is a market research company based in Shanghai, China. More information can be viewed on website: http://www.cri- End
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