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Asia Sentinel
Gold Demand Slumps, India Overtakes China

Gold Demand Slumps, India Overtakes China

Our Correspondent
Nov 14, 2014
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Asia Sentinel
Asia Sentinel
Gold Demand Slumps, India Overtakes China
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China’s third-quarter gold consumption has fallen dramatically, according to a report by the World Gold Council, by 39 percent in jewelry from 2013, which could well be a result of the continuing crackdown on graft ordered by President Xi Jinping.

Other discretionary items favored by Chinese officials have also dived sharply, with consumption of maotai, …

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