Open Access#12020
THE ROLE OF CHINESE MINING INDUSTRY IN DOMESTIC AND GLOBAL ECONOMY
The article describes the impact of the Chinese gold industry on the world gold market and the economic growth of China for the period 2000-2020. Despite a slowing economic trend, the Chinese mining industry continues to experience growth. China produces about half of the world's steel, imports more than 70% of the world's seaborne iron ore, and produces around 90% of the world's rare earth metals. The paper demonstrates the importance of the Chinese mining sector and describes the key concepts of the successful government and business strategies.