China retail gold survey 2015: China rings solid in gold

With unprecedented turbulence in the stock market shaking investor confidence, gold remains a strong focus in China. Confidence in the retail market is stubbornly high as talk of a yuan-denominated fix swells

Gold remains at the heart of Chinese culture. China was the world’s biggest gold buyer in 2014, according to the World Gold Council’s May demand trends report. The country bought 973.6 tons last year, substantially more than India’s 811.1 tons. 

However, not all the news was good. Chinese demand slowed in the first quarter of this year, falling 7% to 272.9 tons. Jewellery purchases dropped 10% to 213 tonnes, outweighing a 3%...