A sales assistant arranges gold necklaces at a store in Lianyungang, Jiangsu province in this January 23, 2014 file photo. Chinese firms could have locked up as much as 1,000 tonnes of gold in financing deals, an industry report said, indicating a big a slice of imports has been used to raise funds due to tight credit conditions, rather than to meet consumer demand. Photo: Reuters
China’s gold demand back on growth track, led by sales of bullions and wedding jewellery
China’s demand for gold, excluding the central bank’s purchases, rose 15.5 per cent in the first three quarters to 815.9 tonnes.
A sales assistant arranges gold necklaces at a store in Lianyungang, Jiangsu province in this January 23, 2014 file photo. Chinese firms could have locked up as much as 1,000 tonnes of gold in financing deals, an industry report said, indicating a big a slice of imports has been used to raise funds due to tight credit conditions, rather than to meet consumer demand. Photo: Reuters
