China’s Commodities Output More Potent, Standard Chartered Says

http://www.bloomberg.com/news/2013-06-25/china-s-commodities-output-more-potent-standard-chartered-says.html

“Although it is the world’s largest producer of gold, 40 percent of its production uses imported gold in concentrates,” according to Standard Chartered report. “It is not inconceivable that by 2016 China will be importing nearly 2,000 tons of gold each year, which is 80 percent of global mine supply.”

Uh-oh.