China Gold Mining to 2024 – Updated with Impact of COVID-19 – GlobeNewswire

New York, Jan. 08, 2021 (GLOBE NEWSWIRE) — announces the release of the report “China Gold Mining to 2024 – Updated with Impact of COVID-19” –
Dem section provides information on the country’s domestic gold dem which mainly comes from jewellery bar coins. The report also concludes profiles of the major gold producers information on their major active, planned exploration projects.

China is the world’s largest gold producer consumer.It had a total of 2,000 tonnes (t) gold reserves as of January 2020, accounting for 4% of the global reserves.

China’s gold production has been negatively affected by the COVID-19 pemic in Q1 2020, together with the impact of the trade war with the US strict environmental regulations, the production is expected to fall by 7% in 2020.China’s gold consumption is mainly meant for jewellery use, representing 73% of total gold consumption, while the remaining 27% was used for bars coins.

The overall consumption is expected to contract by 14.2% in 2020, due to a strong increase in gold prices, along with heavy impact of pemic over the beginning of the year. The restrictions imposed by the Chinese government over gold, has subdued the country’s value of imports with a fall of 4.1% in 2019.

– The report contains an overview of China’s gold mining industry along with a scope of domestic dem which mainly consists of jewellery bar coins consumption.
– It also