Mar. 31 – China could see its demand for gold double over the next 10 years if it maintains its current pace, according to a report released on Monday by the World Gold Council.
“Now one of the world’s largest economies, China has already rapidly become a prominent gold market. However, our analysis confirms that significant untapped growth potential exists in the Chinese gold market,” said WGC Managing Director Marcus Grubb. “In China, if gold demand continues to accelerate and becomes more comparable with other major markets, WGC expects it to double in tonnage terms within the next decade, which would represent annual gold demand of approximately US$29 billion at year end 2009 average prices.” Continue reading
Mar. 31 – Credit Suisse Group announced that it had gained informal approval for a commercial business license from the Reserve Bank of India on Monday, which will allow the bank to set up its first Indian branch office within the country’s financial capital of Mumbai.
Mar. 30 – China executed more people than the rest of the world combined last year, according to a recent report by 
Mar. 29 – Chinese car maker Zhejiang Geely finalized a US$1.8 billion agreement with Ford yesterday to purchase Volvo Motors in the largest overseas acquisition by a Chinese car manufacturer.