Mainland Chinese Gold Spot Market Becomes World's Largest

According to a brief report in the China Post, the turnover in the mainland Chinese spot market rose 22.6% last year to make it the largest in the world.

Total turnover of spot gold traded on the Shanghai Gold Exchange in 2009 was 1.1 trillion yuan (US$162 billion), [Hexun.com] said, citing Fang Xinghai, director general at the government financial services offices in Shanghai.