The statistics show although the gold output and consumption in China have been setting new records, the gap between the consumption and output has grown wider and wider, state-run Xinhua news agency reported.
China produced the most gold in world last year, making it the largest producer for the sixth straight year even as it remained the second largest consumer of the yellow metal after India.
China's gold output hit a new high of 340.88 tonnes last year, registering a year-on-year increase of 8.57 per cent. According to the latest data from China Gold Association, China's gold output has been the world's largest since 2007, when it surpassed that of South Africa.
China has emerged as the world's 2nd largest gold producer and is all set to challenge South Africa's number one position.
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