China's gold production in the first half of 2025 showed mixed data, with the China Gold Association reporting 179.083 tons, a slight decline of 0.31% year-over-year, while other data indicated total production of 252.8 tons, a 0.4% increase from the previous year. Approximately 30% of this production came from imported raw materials. Gold consumption in China decreased by around 3.5% to 505 tons during the same period, with a notable 26% drop in gold jewelry consumption contrasted by a 23.7% increase in consumption of gold coins and bars. Meanwhile, Hong Kong's gold exports to the Chinese mainland in June fell significantly to 34.719 tons from 57.76 tons in May, with net gold exports dropping 60% to 19.366 tons. On the investment side, gold-themed funds in China have seen strong sales growth in 2025, with the number of such funds more than doubling since the end of 2024, reflecting sustained investor interest in gold assets.