The World Gold Council (WGC) and the China Gold Association signed the "Comprehensive Agreement on Strategic Cooperation" during the "China Gold Congress and Expo" in Beijing.
The organizations intend to jointly increase the global understanding of the gold market, the supply chain and China's role in this process by sharing experiences, analyzing data and developing innovation for gold in investment, technology and jewelry.
"This partnership is aimed at realizing our common aspirations to stimulate the activity of foreign entrepreneurs in China and to ensure the continuous growth of this important and rapidly changing market.The World Gold Council is actively advocating the development of the gold market.Our cooperation in the current" Chinese Gold Congress "is a the first step in the long-term relationship that we intend to develop in the years to come, "said Sun S, president of the China Gold Association, during the signing of the agreement Hb (Song Xin).
"China has already made a big contribution to the global gold market and will play an increasingly important role in the future.WGC has been active in China since 1993, this partnership will allow us to build closer ties with Chinese partners, creating the basis for the next decade of growth both inside China, and in the international arena, "said Aram Shishmanian, executive director of the council.
Demand for jewelry in China increased by 344 percent, and investment demand - more than 5,000 percent over the past 10 years. The extraction of precious metal grew by 267 percent in 20 years. Currently, China is in the epicenter of the global gold market.