A major report published by the World Gold Council "China's gold market: progress and prospects" suggests that private sector demand for gold in China is set to increase 20% from the current level of 1,132 tonnes(t) per year to at least 1,350t by 2017. Following the record level of Chinese demand in 2013, which saw the country become the world’s largest gold market, the report suggests that while 2014 is likely to see consolidation, the succeeding years are likely to see sustained growth.
The report examines the factors that have driven China’s rise to become the number one producer and consumer of gold since the market began liberalising in the late 1990s and consumers were first allowed to buy gold. It also highlights why despite this steep growth in demand, the market will continue to expand, irrespective of short term blips in the economy.
China progress and prospects infographic
China developing urban landscape map
China's policy timeline