![The World Gold Council [CGTN]](https://i0.wp.com/usachinatrading.com/wp-content/uploads/2022/01/The-World-Gold-Council-CGTN.jpeg?resize=525%2C295&ssl=1)
China’s demand for gold coins and bars rose by 44 percent to 285 tonnes in 2021, according to the World Gold Council’s (WGC) annual report released on Friday. The council attributed the increase to steady income growth, stable gold prices and a decline in interest rates.
It also pointed out that China’s commercial banks have been gradually promoting gold coins and bars to retail consumers, boosting gold investment demand. Gold jewelry also showed strong growth, with purchases reaching 675 tonnes, a year-on-year increase of 63 percent. The figures also reflected sophisticated tastes among Chinese consumers, the WGC said.