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Chinese demand for gold is growing

20-Jul-2005 News of the Chinese allowing gradual appreciation in the yuan is expected to further bolster demand for gold in China as the Chinese consumers' and investors' purchasing power is increased. Chinese demand for gold has been growing at an average of 13% per annum over the past five years and it now has to import gold to meet national demand, despite being the largest producer of gold in the world.

Source: Goldcore
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