Writing today in the China Daily, "The growth potential for the China private gold market is huge," claim Eric Yuen and Becky Yuen of Hong Kong's GuocoCapital.

"According to the China Gold Association, China's average gold holdings per resident stands at less than 3 grams per person, much lower than India's average of 15 grams per person. So there is still plenty of room for catching up."

The world's No.1 gold mining nation as well as top private consumer, China saw its gold output overtake full-year 2008 by November last year, says Zhang Bingnan, vice-president of the China Gold Association. He projects full-year 2009 output at 310 tonnes. Source