Agence France-PresseApril 15, 2014 07:50
China's annual demand for gold could jump around 20 percent by 2017 as more of its increasingly wealthy population seek new ways to make money, the World Gold Council predicted on Tuesday.
The forecast by the WGC comes after China became the world's largest gold-consuming nation in 2013, overtaking India.
Annual demand for gold in the form of jewellery, coins and bars is set to hit "at least 1,350 tonnes by 2017", the WGC said in a report on China.
That would represent a rise of nearly a fifth from the country's record consumption of 1,132 tonnes last year.