China Trading Stocks

[kindama]

$KGJI

China’s gold demand rose ~4% YoY to 986 tons in 2015 amid declining prices,
volatile stock market and weak currency, per China Gold Association. This was
below peak demand of 1,176 tons in 2013. Jewelry demand was up 2% to 722
tons, bar consumption up 5% to 173 tons and coin buying rose 78% to 23
tons. Country’s gold output declined for the first time in ~20 years to 450 tons
(-0.4% YoY) in 2015 as some small private producers halted operations.
(Bloomberg Finance LP)