30
March
China's gold rush 'will be stampede by 2020'
30 March 2010 Irish Independent
Chinese gold consumption will double over the next decade and rising demand could exhaust the nation's gold mining reserves by 2016, according to a report from the World Gold Council (WGC).
Last year, China's gold consumption was worth more than $14bn (£9.3bn), equivalent to 11 per cent of global demand. The WGC is predicting that the country's demand will rise to $29bn by 2020.
