China’s $83 Billion Gold Discovery: Hype or Reality?
A significant gold reserve valued at 600 billion yuan ($82.9 billion) has been discovered in central Hunan province, according to Xinhua news agency. This discovery further bolsters China’s position as the world’s leading gold producer, a status solidified by its contribution of approximately 10% to global gold output in 2023. The substantial find highlights the country’s considerable gold resources.
John Q. Hosedrinker