The plunge was mainly attributed to a drop in consumption of gold bars, which posted ayear on year decrease of 59 percent and amounted to 155.1tonnes in 2014, according todata released by China Gold Association (CGA).
The data also showed that consumption of gold jewelry went down by 6.9percent year onyear to 667.1 tonnes. Consumption for industrial use dropped 10.6 percent to 43.6 tonnesin 2014.
China produced 451.8 tonnes of gold last year, an increase of 5.5percent, or 23.64 tonnes,compared with 2013, according to the association.
China is the world's largest producer of gold .... http://en.people.cn/business
