A major report published Tuesday by the World Gold Council suggests that private sector demand for gold in China is set to increase from the current level of 1,132 tonnes per year to at least 1, 350 tonnes by 2017.
The report is titled “China’s gold market: progress and prospects”
Following the record level of Chinese demand in 2013, which saw the country become the world’s largest gold miner, the report suggests that while 2014 is likely to see consolidation, the succeeding years are likely to see sustained growth.
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the World Gold Council