Share this on Twitter Share this on Facebook Share this on LinkedIn Share this on Sina Weibo Share this on Wechat Share this on LinkedIn China leads the world in gold production.Credit: Julia Berezovska/ Press office NBU, Creative Commons Gold prices did what they often do in times of economic turmoil in 2020, surging to a record high above $2,000 an ounce by August as investors sought out the traditional safe-haven commodity. Demand for the yellow metal was particularly high among exchange-traded funds, although interest faded as pandemic-related uncertainty receded later in the year. For Chinese gold producers, like their counterparts elsewhere, the initial surge in prices was a boon nevertheless. China leads the world in gold production, with the country’s reserves concentrated in the eastern Shandong province, where many top Chinese gold miners are based. Starting from 2015, Chinese companies have also made significant investments in gold mines overseas. This week, The Wire looks at China’s role in the global gold market, including its top producers and who backs them. The World in Gold Data: U.S. Geological Survey China, Australia, and Russia have been consistent leaders in gold prodSubscribe, register or login to read the rest. Registered users can access a limited amount of content for free.Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.