According to one expert, China is seen as a key market for gold industry. The country can be the major growth motor of the gold sector. Citigroup global market analyst, Alan Heap, said recently China could represent «the most important source» of gold demand, the National Post reports.
Last year, the Chinese gold investment performed particularly well with an increasing demand which aim more than ten per cent according to Alan Heap. This comments come on same time as China appear to take the leadership in term of global gold consumption ahead of India, which has traditionally held the number one spot due to the importance that the precious metal has in its religious festivals and weddings.
In addition, China's reputation as the biggest gold producer in the world was further boosted by recent figures from the China Gold Association showing that the nation's output stood at almost 314 tones last year.
