The National Development and Reform Commission announced yesterday that China's gold production reached 340.876 tonnes in 2010, a 8.57% increase from the previous year and a record high. This indicates that China has been the world's first production Jinda for four consecutive years. 10 Gold enterprises production in nearly half of the national Development and Reform Commission said, since the reform and opening-up, China's gold industry, the rapid development of gold production continued to increase. Increased from 19.67 tonnes in 1978 to 270.5 tonnes in 2007. It was in 2007 that China's gold production overtook South Africa for the first time and maintained its position as the world's largest Jin for four consecutive years. 2007 China's gold production reached 270.5 tons, 2008 reached 282.01 tons, 2009 for 313.98 tons. 2010 Domestic gold production further growth, to achieve 340.88 tons, and a record high. According to the latest statistics from the China Gold Association, the top five provinces in the last year were Shandong, Henan, Jiangxi, Yunnan and Fujian, which accounted for 59.82% of the nation's total production. China Gold Association, in 2010, China Gold Group, Purple Gold Industry Co., Ltd., Shandong Gold Group, Shandong recruit Gold Group, such as the top 10 of China's largest gold enterprises in the production of 167.686 tons of gold, accounting for the national total output of 49.19%. China's gold production enterprises have fallen from more than 1200 in 2002 to the current more than 700, the gold industry "many, small, scattered" situation has changed, to large enterprises group-led gold industry development pattern has been basically formed. Gold Trading market active in the last century in the 70 's, in order to solve the problem of extreme shortage of foreign exchange, the state has adopted a series of supporting policies for gold production, increased investment in the gold industry, improve technical equipment, gold industry into the development of fast lane. Last year, with the European debt crisis and the Fed's quantitative easing, gold's ability to fight inflation and financial risk has become increasingly apparent, with official and private interest in physical gold growing. Last year, the Shanghai Gold Exchange all kinds of gold products traded 6046.064 tons, an increase of 28.48%, the turnover of a total of 1,614,326,200,000 yuan, an increase of 57.07%. Shanghai Futures Exchange has a total of 6.7941 million gold futures contracts, a total turnover of 1,829,191,000,000 yuan, an increase of 19.77%. China's gold products market demand is active, 2010 jewelry, industry, investment with more than 510 tons of gold. International gold prices remained strong in 2010, with an average annual gold price of $1224.53/ounce, up 25.6% from the previous year; the International gold spot price opened at $1096.60/ounce, the all-time record of 1431.30 dollars/oz last December 7. Newspaper reporter Fan Zhongjingjing
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