28
July
China May Overtake India in Gold Demand, Council Says
28 July 2009 Bloomberg.com
China may overtake India to become the world’s top gold consumer this year, the World Gold Council said, as the nation became the first of the major economies to rebound from the global recession.
Jewelry demand in China expanded in the first quarter while dropping in India, Marcus Grubb, a managing director at the London-based council, said today at a conference in Hong Kong. Chinese gold demand will keep rising, he said.
http://www.bloomberg.com/apps/news?pid=20601091&sid=aRmMBlJ_RZGg
