China is the biggest producer of gold in the world.
Saturday, May 07, 2011
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Zuma Fact: #150: China's gold production!
Zuma Fact: #150: China's gold production!
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China is the biggest producer of gold in the world.
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2 comments: on "Zuma Fact: #150: China's gold production!"
Because China has one of the biggest gold production economies, it explains the inflationary increase in money supply. The people of China are experiencing inflationary increase in money supply not only because of other economical factors but also because of their tendency to trade in currency for gold, an investment they believe is more valuable. This process is not only popular in China but also in places like Europe. The government needs to control such transactions in order to keep their inflationary increase in money supply under control.
Thank you Linda for such a short but detailed elaboration of China's current economy trends. :)
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