China’s Gold Demand Seen Rising by at Least Economic Growth

Consumer gold demand in China, last year’s second-biggest user after India, may increase by at least the same pace as the country’s economic growth, according to the World Gold Council.

Economic expansion may slow to 7.4 percent next year and 7.2 percent in 2015, from 7.6 percent this year, according to economist estimates compiled by Bloomberg. Chinese gold demand growth may at least match those increases and could rise further as a rising population has more disposable income, Albert Cheng, Far East managing director at the council, said in an interview at a London Bullion Market Association conference in Rome.