PRECIOUS METALS

More foreign M&A needed to meet China's coming gold rush

An expanding middle class in China will ramp up consumption in coming years, driving domestic demand for gold, and Chinese miners should prepare to meet this opportunity by acquiring top-quality gold resources overseas, delegates heard at an industry event this week.

Shi Weijun
More foreign M&A needed to meet China's coming gold rush

China's GDP per capita at current prices is on track to reach $14,100 this year, improving from $12,360 last year and overtaking the global average for the first time, according to forecasts from the International...

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