Latest News:  
Beijing   Overcast/Cloudy    14 / 4   City Forecast

People's Daily Online>>China Business

China's gold sector profits up 36.18 pct in Jan.


08:46, March 16, 2012

BEIJING, March 15 (Xinhua) -- Profits of Chinese gold producers surged 36.18 percent year-on-year to reach 1.93 billion yuan (304.76 million U.S. dollars) in January, data from the Ministry of Industry and Information Technology (MIIT) shows.

Meanwhile, the industry's output value increased 35.6 percent from a year earlier to 18.93 billion yuan in January, the MIIT said in a statement on its website.

The MIIT said that rising domestic gold prices, which were pushed up by global gold prices as countries such as the United States maintained ultra-low interest rates, have attracted more speculators into the sector.

In January, Chinese gold producers saw output expand by 3.68 percent year-on-year to 24.13 tonnes, of which, 19.73 tonnes were from gold mines, the MIIT said.

During the period, finished gold products by the top 10 Chinese gold producers increased 1.27 percent from last year to 13.65 tonnes. The figure accounted for 56.58 percent of the country's total.


Leave your comment0 comments

  1. Name


Selections for you

  1. S. Korea, U.S. carry out live-fire drill

  2. Spring ploughing season arrives in Yunnan

  3. Shandong begins to issue electronic passports

  4. Leading Monastery in Tibet holds sutras debate regularly

Most Popular


  1. Is morality improving or declining in China?
  2. China's development contributes world economy
  3. China's diplomacy needs courage and strategy
  4. Death penalty does not hold answer to corruption
  5. Socialist democracy to illuminate China's future
  6. Truth about Tibet is slowly coming to light
  7. Expert: Glitter of foreign diploma to fade away
  8. NPC reform reflects vote of confidence
  9. Facing problems forges confidence for development
  10. Defense budget guards peaceful intentions

What's happening in China

Consumer rights pros battle on across China

  1. Most surveyed support anti-domestic violence law
  2. Dextrin in baby food safe: authority
  3. Ship sunk in Guangxi fatal collision located
  4. Court: Cases by consumer rights fighters rise
  5. Shanghai lags Beijing on city competitiveness

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai