Official: China's gold reserve ranks fifth in the world
MOSCOW, Mar 9 (PRIME-TASS) -- China's gold reserve amounts to 1,054 tonnes, ranking fifth in the world, said Yi Gang, central bank vice governor on Tuesday, People's Daily reported.
China is the largest gold producer in the world, with a more than 300 tons of gold produced annually. China is also a world's second largest gold consumer, with a consumption of over 400 tons of gold a year, second only to India.
