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China produces 224 tons of gold in 2005

Thursday,February 23,2006 Posted: 21:44 BJT(44 GMT) chinaview

China produced 224 tons of gold in 2005, an increase of 5.51 percent on the previous year, China Business News reported.

Quoting the website of the China Gold Association, the report said Wednesday that China's gold production enterprises achieved arecord 4.03 billion yuan in profits last year, an increase of 32.7percent year on year.

China Gold Group and the Shandong Gold Co. Ltd. now rank among the world's top 15 gold producers, it said.

China has a large number of consumers of gold products. Both its gold output and sales volume rank fourth in the world.

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