According to the Gold Administration of State Economic and Trade Commission, China's gold market will be stripped of its old past in 2001.
With reforms introduced, all existing barriers and hindrances as those affecting development of China's gold industry, production and buying, gold distribution and management in the past 50 years will be torn down and in the place of these will be a new gold market to be built. Hearty welcome will be given to investments from all possible channels in China and abroad.
Following the opening of its gold market in the coming year, China is reported to hold its first gold exchange in Shanghai. Under China Gold Society and China Council for Promotion of International Trade Beijing Sub-Council, the First China International Gold Exhibition will be held in Beijing from June 19 to 22 next year, as a symbol of China's gold market reform.
(People's Daily 12/21/200)
