World Gold Council in China released in Beijing on the 19th of the first quarter of 2011 gold demand trends report. The report said China is the world's second largest consumer market for gold, regardless of the prospects of long-term or short-term demand for gold are very optimistic about China's gold demand doubled in the next decade.
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World Gold Council World Steel Pipe News , the gold industry's market development organization, headquartered in the UK, members from the world's major gold mining companies.
According to World Gold Council, General Manager of China Lixin introduced World Pipe network informed, demand for gold in China over the past decade the rapid growth of the average annual growth rate of 14%. In 2010, the first Chinese gold demand exceeded 700 t mark to become the world's second largest consumer market for gold. China's per capita gold consumption is still far below the world average, which shows that China has great potential demand.
"We had made in March last year, predicted that China's gold demand will double in 2020. However, the recent market performance leads us to believe the growth prospects are expected to be achieved ahead of schedule. Wang Lixin said, as China's economy booming, the huge population base, and people keen on gold will jointly promote the long-term growth of China's gold demand is expected to gold demand in China to double in the next decade.
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report shows that the first quarter of 2011, total global gold demand of 981.3 tons, an increase of 11 percent, while China is the main force to promote the growth of demand for gold. The first quarter, China's gold demand grew 21 percent, creating a new quarterly record of 142.9 tons. Since entering the second quarter, there are signs that the Chinese market, jewelery demand continues to grow.
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