China’s Taste for Gold to Grow 20% by 2017

China’s increasingly wealthy population is driving the demand for gold to greater heights as they continue to see the precious metal as a solid investment despite a slump in price.

In a report on China, the World Gold Council (WGC) predicts that China’s annual demand for gold could spike by some 20 percent in 2017. In 2013, China became the world’s largest gold-consuming nation overtaking India, which is contending with tough government regulations limiting gold trading.

WGC said China’s annual demand for gold in the form of jewelry, coins and bars could be as high as 1,350 tonnes by 2017. This total represents a rise of nearly a fifth from China’s record consumption of 1,132 tonnes in 2013.


China’s gold market: progress and prospects


Executive summary

  • Introduction
  • Key conclusions
  • China’s developing urban landscape

Economic development and the gold market

  • Introduction
  • Gold market control and de-regulation
  • Economic development and gold demand
  • Policy timeline


  • Introduction
  • Market and product structure
  • Factors driving demand
  • Outlook


  • Introduction
  • Factors driving demand
  • Outlook

Industrial demand

  • Overview
  • Electronics
  • Decorative uses
  • Outlook

Official sector

  • Introduction
  • Historical and current situation


  • Introduction
  • Mine production
  • Scrap supply
  • ‘Surplus’ gold in the Chinese market

Key forecast assumptions


published, April 2014 – PDF [64 Seiten]

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