According to the results of eight months of 2013, China produced more than 270 tons of gold, according to the China Gold Association. In July, gold production reached almost 40 tons, and in August - 38 tons.
According to the association, gold production for this period increased by 6% compared to last year and reached 220 tons. In July, production increased by 24 tons, or more than 11% compared to the same period in 2012.
The World Gold Council noted that China has held the position of the largest gold producer for the last 6 years, while the production volume has grown 100 times compared to the figures of 1949.
Albert Cheng, managing director of WGC in the Far Eastern region, said at a recent conference in Rome that it is China that is likely to reach a turnover of 1,000 tons of gold, the Mineweb.com portal cited. This represents approximately 25% of the total annual volume of the world gold market.