China’s gold shortage

Soaring gold demand in China has led to a supply shortfall that has widened 10 times since 2007.

China digs up thousands of tonnes of rock and ore each year, but it still cannot produce enough gold to keep up with the country’s soaring demand. Despite being the world’s biggest gold producer since 2007, China’s supply shortfall has deepened by nearly 10 times during the past four years.

Chinese investors remain attracted to all that glitters, even as the price of gold has soared. “The shortage in supply has been deepening very fast...

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