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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: ild who wrote (22313)1/27/2005 8:53:08 PM
From: RealMuLan  Read Replies (1) of 116555
 
Ild, I am not aware of data of total gold sale in China. But seems does not matter much. I read that during1998 and 2003, the domestic demand for gold jewelry in China dropped year by year. Thus instead of importing 100 tons of gold each year, China had exported a couple of dozens of tons of gold each year for the last 6 years. From 2004, the demand of gold in China starts to increase somewhat. BTW, Chinese usually buy gold when the price is up<g>
China's gold production set new record
Message 20991687

So seems to me that the gold production in China can meet its domestic demand for now, although there is a possibility China will buy some from international market for its foreign reserve.
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