/24-7PressRelease/ - NEW DELHI, INDIA, September 07, 2008 - RNCOS has recently added a new Market Research Report titled, "China Gold Report 2008" to its report gallery. China overtook South Africa to become the world's largest gold producer in 2007; however, a large part of the country still remains unexplored, according to the latest RNCOS report.
As per the report, China has a strong position in gold industry in terms of consumption too. Gold demand in the country (Greater China) grew by around 24% in 2007, surpassing the US to become the world's second largest market for gold jewelry.
This report analyzes the gold industry of China in context of global industry. The industry analysis has been done on the basis of the country's economic stability, gold reserves, production, consumption level, and future growth prospects. It outlines the market trends, growth attractions, challenges and future prospects for the industry. The forecast given in this research study is based on a correlation between past market growth and growth of such base drivers as demand, production and consumption.
Key Research Findings
- China is expected to increase its annual gold output by around 7% to nearly 300 Metric Tons this year, which would see it keep its number one position in 2008 as well.
- Current gold consumption in the country is mainly centered in the low-end or middle-level jewelry products for the purpose of fashion and decoration. But changing allocation of financial assets will drive the growth of gold market in the country.
- Jewelry demand in Mainland China reached 302 Tons in the year 2007, overtaking the US and making China the world's second-largest retail jewelry market after India.
- Transformation in the gold industry of China is opening lucrative opportunities for foreign players.
Key Issues & Facts Analyzed in the Report
- What is status of gold consumption by respective sectors globally?
- What is the production and consumption situation of gold in China as compared to other countries?
- What are the potential growth areas and challenges for the gold industry in China?
- What are the prospects for the industry?
Key Players Analyzed in the Report
This section provides an overview of key facts of several national and international players, like China National Gold Group Corp., Shandong Gold Mining Co. Ltd, Sino Gold, and Golden China, operating in the country.
Research Methodology Used
Information Sources
Information in this report has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods
The analysis methods used to analyze the facts and figures in this report include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
For more information visit: http://www.rncos.com/Report/IM143.htm
Current Industry News: http://www.rncos.com/Blog/
About RNCOS
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.
# # #
- 2008, analysis, business, china, consumption, gold, growth, industry, market, opportunities, report, research
Read more Press Releases from Shushmul Maheshwari:Other Press Release Headlines:
