China stainless steel mogul fights to avoid a second collapse
A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.
Xu Wenjun, vice secretary general of the Gem & Jewelry Assoiciation of China, said on December 6 that China’s gold refining capacity had exceed 500 tons per year as of 2011.
The gold consumption in China increased bhy 405% too 1,043 tons in 2011 from 206 tons in 2002.
China’s physical gold investment demand increased by 9488% to 258 tons in 2011 from 2.7 tons in 2001.
Source (Chinese): people.com.cn via BrightWire News.
