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China Gold Association inks deal with World Gold Council on Thu.

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2014-09-12 GMT+8:00

BEIJING, Sept. 11 (Xinhua) -- China Gold Association (CGA) signed the comprehensive strategic cooperation agreement with the World Gold Council inBeijingon Thursday.

Under the agreement, the two sides will communicate on and share the market research results and data analysis, jointly develop innovative projects in the fields of gold investment, application of science and technology, and gold jewelry.

In the past decade, China's gold market has developed fast. During the period, the gold jewelry and gold investment have jumped by 344 percent and 5,000 percent, respectively, while the country's gold supplies in the past two decades have jumped by 267 percent.

Song Xin, president of CGA, said that cooperation of the two sides is aimed at propelling Chinese enterprises to go abroad and promoting the sustainable development of the gold market inChina.

For years,China has made great contributions to the global gold market and played an increasingly important role. Cooperation with the World Gold Council meets the development strategy of GAC, said Aram Shishmanian, CEO of the World Gold Council. (Edited by Hu Pingchao, hupingchao@xinhua.org)

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