China likely to be world's top gold producer this year
Thursday, 7 August 2008
BEIJING, Aug. 6 (Xinhua): China is predicted to produce 300 tons of gold in 2008 to become the largest gold producer in the world, according to Hou Huimin, deputy director of China Gold Association.
China has surpassed the United States to be the world's econd largest gold producer just next to South Africa, with the gold output reaching 270.491 tons in 2007, just slightly lower than South Africa's 272 tons.
At present, China's proven gold reserve is 4,634 tons including 2, 786 tons of rock gold, 593 tons of sand gold and 1,255 tons of accompanying gold, ranking seventh in the world. China's demand for gold has also kept rapid increases.
Meanwhile, China's agriculture insurance sector realized a premium revenue of 4.37 billion yuan in the first half of this year, surging 356.8 per cent year on year, and the insurance amount hit 96.33 billion yuan, providing risk guarantee for 14.67 million hectares of crops and forest and 240 million domestic animals and fowls.
The drastic growth of the agriculture insurance benefits from more policy supports and fiscal subsidies granted by Chinese government in the recent years.
China has surpassed the United States to be the world's econd largest gold producer just next to South Africa, with the gold output reaching 270.491 tons in 2007, just slightly lower than South Africa's 272 tons.
At present, China's proven gold reserve is 4,634 tons including 2, 786 tons of rock gold, 593 tons of sand gold and 1,255 tons of accompanying gold, ranking seventh in the world. China's demand for gold has also kept rapid increases.
Meanwhile, China's agriculture insurance sector realized a premium revenue of 4.37 billion yuan in the first half of this year, surging 356.8 per cent year on year, and the insurance amount hit 96.33 billion yuan, providing risk guarantee for 14.67 million hectares of crops and forest and 240 million domestic animals and fowls.
The drastic growth of the agriculture insurance benefits from more policy supports and fiscal subsidies granted by Chinese government in the recent years.