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10, 2016018332The Chinese are on a massive gold shopping spree. China's government doesn't share exact figures, but the vast majority of gold heading into mainland China passes through Hong Kong, which does make its records public. Gold imports to China have surged over 700% since 2010, according to the latest Inquire Now

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official reserves, the People's Bank of China remains the 21st Century's heaviest gold buyer to date. Now reporting the fifth largest total (behind the US, Germany, Italy and France) with bullion reserves of 1,842 tonnes, the PBoC has added more than 1,447 tonnes since the start of 2000.Inquire Now

China claims discovery of its largest gold mine with 22
to local media reports, the Xiling gold seam in eastern China is more than 2,000 meters long and 67 meters wide. At full capacity, the mine could produce gold for 40 years. The mine is located in the LaizhouZhaoyuan region of northwest Jiaodong Peninsula, in eastern China's Shandong. The Inquire Now

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proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported on Monday quoting an official with the national gold association.Inquire Now

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mining in the People's Republic of China has made that country the world's largest gold producer by far with 463.7 tonnes in 2016. For the year 2007, gold output rose 12% from 2006 to 276 tonnes (9,700,000 oz 304 short tons) to become the world's largest for the first timeovertaking South Africa, which produced 272 tonnes (9,600,000 oz 300 Inquire Now

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China launches yuan gold fix in bid to be price maker CNBC
video018332China on Tuesday launched a yuandenominated gold price fix in its bid to become a price maker in a market dominated by London and New York.Inquire Now

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