{"id":180220,"date":"2010-01-14T11:53:59","date_gmt":"2010-01-14T16:53:59","guid":{"rendered":"http:\/\/www.businessinsider.com\/surging-gold-prices-drive-chinese-production-to-record-level-2010-1"},"modified":"2010-01-14T11:53:59","modified_gmt":"2010-01-14T16:53:59","slug":"chinese-gold-production-explodes-to-record-levels-as-surging-prices-ramp-supply","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/180220","title":{"rendered":"Chinese Gold Production Explodes To Record Levels As Surging Prices Ramp Supply"},"content":{"rendered":"

Chinese gold production for 2009 is expected to hit an all-time high of 310 tons once full statistics are released, according to the World Gold Association.<\/p>\n

CCTV:<\/a> The world gold association predicts that global gold production in 2009 exceeded 2500 tons… 3-and-a-half percent higher than 2008. This is the first rise in world gold production in 9 years. China’s 310 tons represent an output jump of over 10 percent year-on-year. However experts stress that maintaining such robust growth in production does not necessarily mean more negative impact on the environment.<\/p>\n

Song Xin, Deouty GM of China National Gold Group, said, “We aim to be the world’s No.1 producer not only in production volume, but also in environmental protection. We give high priority to protecting environment in production. We put 5 percent of annual investment in building energy-saving and recycling facilities.”<\/p>\n

The pie charts below, from Goldsheet<\/a>, show just how quickly China went from being a tiny meaningless gold producer to the world’s fastest growing and largest.<\/p>\n

From 0.5% (not even shown) of world production in 1990…<\/p>\n

\"Gold<\/p>\n

To 6.2% in 1995…<\/p>\n

\"Gold<\/p>\n

Then 10.9% by 2007…<\/p>\n

\"Gold<\/p>\n

And 12.2% by 2008.<\/p>\n

\"Gold<\/p>\n

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