In 2017, China was the world’s biggest gold consumer, total consumption amounted to 1089.1 tons, which is also more than in 2016. The increase was mostly due to the recovery of high-end consumptions and fluctuations in real estates as well as securities markets.
China’s domestic gold production fell by 6.35 percent; this is the first fall since 2000. A key reason for this decline are new environmental and resource taxes and the closure of gold mines.
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