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Gold Output Hits Record 200 Tons in 2003

China's gold output reached a record 200.598 tons in 2003, according to the China Gold Association.

In 1945, China's gold output was 4.5 tons, and reached 100 tonsin 1995, sources at the association said.

Since the early 1990s, the Chinese gold industry has experienced a huge change. China canceled the policy of controlling the buying and selling prices of gold in April 2001, and opened its first gold exchange center in Shanghai in 2002.
 
(Xinhua News Agency February 6, 2004)

Gold Trade to Open to Individuals
Gold Increasingly Viewed as Safe Investment: Experts
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Gold Exchange to Start in Shanghai Late October
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Central Bank Plans for New Gold Exchange
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