China’s proven gold reserves amounted to 12,100 tonnes at the end of 2016

Almaty. October 3. Silkroadnews - China’s proven gold reserves amounted to 12,100 tonnes at the end of 2016, The Economic Times reported.
“China's proven gold reserves reached 12,100 tonnes at the end of 2016,” Zhang Yongtao, vice chairman of the China Gold Association, said.
“China has been the world’s biggest gold producer for 10 years and the largest consumer of the metal for four years, it said. China aims to increase its annual gold output to 500 tonnes by 2020 from around 450 tonnes currently,” the report reads.  
Last year 70,000 tonnes of gold were traded in China, by 2020 the traded amount is expected to exceed 100,000 tonnes.
It is noted that in the first half of 2017, China produced 207 tonnes of gold, which is a 9.8% decrease than a year ago, although gold consumption increased by almost 10% to 545 tonnes, while consumption of gold bars increased by more than 50 %.