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China’s Gold Output Soars 34%: China’s gold...

From Times Staff and Wire Reports

China’s Gold Output Soars 34%: China’s gold output rose by a record 34% in the first seven months of this year, an official newspaper said. China is Asia’s largest gold producer. A State Gold Administration official disclosed that the increase was meant to boost China’s credit rating. China Daily reported that the extra output had been added to China’s reserves, indicating that the country had not increased its sales on the international market.


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