China: 2010 Gold Production Hit Record High

Monday, 07 February 2011 09:21 AM EST ET

Chinese state news service says the country's gold production hit a new record last year with more than 340 tons. That's up more than 8 percent from the year before.

China is the world's top gold producer after overtaking South Africa in 2007.

The state-run Xinhua News Agency on Sunday cited the China Gold Association as saying last year's output was 340.88 tons, an increase of more than 26 tons from the year before.

The report says China's top gold-producing provinces last year were Shandong, Henan, Jiangxi, Yunnan and Fujian.

China, like many countries, views gold as a source of protection against financial risk.

© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Markets
Chinese state news service says the country's gold production hit a new record last year with more than 340 tons. That's up more than 8 percent from the year before. China is the world's top gold producer after overtaking South Africa in 2007. The state-run Xinhua News...
China,2010,Gold,Production,Hit,Record,High
104
2011-21-07
Monday, 07 February 2011 09:21 AM
Newsmax Media, Inc.

View on Newsmax