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Is it true that China has the second largest gold reserves in the world?

Recently, the vice president of China Gold Association said that by 216, China had identified 12,1 tons of gold resources, ranking second in the world after South Africa.

Experts said: At present, the overall development of China's gold industry is healthy and stable, with gold as the mainstay and multi-metal development simultaneously. In 216, the trading volume of China's gold exchange reached 24, tons (unilateral), the trading volume of futures exchange reached 39, tons (unilateral), and the trading volume of commercial banks was 7, tons, with a cumulative turnover of 7, tons. He predicted that this figure is expected to exceed 1, tons during the Thirteenth Five-Year Plan period.

At present, the global gold mine reserves are about 1, tons, which are mainly distributed in more than a dozen countries, such as South Africa, China, Russian Federation, Australia, Indonesia and the United States. South Africa is the world's largest country with gold resources. The proven reserves of gold mines are 31, tons, accounting for about 3% of the global total. Followed by China and Australia.

China is also the largest gold producer in the world. In 215, China's gold output was nearly 516 tons, ranking first in the world for nine consecutive years; Gold consumption is nearly 986 tons. It can be seen that there is a big "gap" between the two, and the relationship between supply and demand needs to be balanced by imports.

According to the report, China's domestic gold production accounts for about 5% of gold consumption. At present, the output growth of mineral gold can only be maintained at about 1% to 3% in the next three to five years, and the demand is far greater than this supply level.