China to remain largest gold producer: association

BEIJING, Dec. 27 (Xinhua) -- The China Gold Association (CGA) forecast on Thursday that China will likely remain the world's largest gold producer for the sixth consecutive year in 2012.

The association's latest data showed that China produced 323 tonnes of gold from January to October, up 11 percent from the same period last year.

China surpassed South Africa to become the largest gold producer in 2007 and remained the biggest as of the end of last year, according to a report released Thursday by the CGA.

China is currently the world's second-largest gold consumer after India. In 2011, China's total gold consumption stood at 761.05 tonnes, the report said.

We recommend:
Riding on BJ-GZ high-speed railway	The spending of China's rich	More Chinese cities see home price rise
Santa is coming and China takes a lot more notice	Harbin-Dalian high-speed railway starts operation	Nanjing Yangtze Fourth Bridge to open