China has discovered a huge gold reserve in Hunan province. The estimated value of this vast reserve is believed to be hundreds of billions of rupees and is expected to support the faltering Chinese economy. This discovery represents a potential economic strategy that could strengthen China globally.
According to the South China Morning Post, the Wangu gold mine in Pingjiang County, Hunan province, holds the reserve. Located at a depth of less than 2,000 metres below ground, more than 40 gold veins have been discovered within this mine.It is
estimated there’s another 1,000-ton gold resource at the site at a depth of more than 3,000 meters. China’s total gold reserves are about 3,000 tons, and the nation is also the world’s biggest consumer of the precious metal.