China Is The World's Largest Gold Producer And Biggest Trading Nation


China produced the most gold in world last year, making it the largest producer for the sixth straight year even as it remained the second largest consumer of the yellow metal after India. China's gold output increased 11. 66% from a year earlier to hit a record high of 403.05 tonnes in 2012, China Gold Association said.

China surpassed South Africa to become the largest gold producer in 2007.

China also surpassed the U.S. to become the world’s biggest trading nation last year as measured by the sum of exports and imports of goods, official figures from both countries show.

U.S. exports and imports of goods last year totaled $3.82 trillion, the U.S. Commerce Department said last week. China’s customs administration reported last month that the country’s trade in goods in 2012 amounted to $3.87 trillion.

China is the world's largest producer of wheat and rice, the second largest producer of corn, the fourth largest producer of soy, the fifth largest producer of oil, and the tenth largest exporter of agricultural products.