China's gold consumption picks up in 2021
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E-mail Xinhua, February 4, 2022
Gold consumption in China saw a robust rebound in 2021 as demand further unleashed amid a stable economic recovery at home, industry data showed.
The country's gold consumption totaled 1,120.9 tonnes last year, an increase of 36.53% from a year ago, or up 11.78% compared to that of 2019, according to data released by the China Gold Association (CGA).
Consumption of gold jewelry rose about 45% year on year to 711.29 tonnes, CGA data showed.
Gold bar and coin investment jumped 26.87% year on year to 312.86 tonnes.
Driven by the rapid development of new energy and electronics industries, gold consumption for industrial and other uses in the country climbed 15.44% year on year to 96.75 tonnes.
CGA's data also showed that China produced 328.98 tonnes of gold last year, down 36.36 tonnes or 9.95% from a year ago.
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