China Unearths Asia's Largest Undersea Gold Deposit Near Laizhou

• China discovered Asia's largest undersea gold deposit near Laizhou, off Yantai’s coast in Shandong province.
• This find boosts Laizhou's total proven gold reserves to over 3,900 tonnes, now representing 26% of China’s total.
• The discovery solidifies Laizhou's status as China's top region for both gold reserves and production.
• China, the world’s largest producer of gold ore, continues significant investment in geological exploration.
• This follows another major discovery of a 1,444.49-tonne gold deposit in Liaoning, the largest since 1949.

Why It Matters: China's discovery of Asia's largest undersea gold deposit significantly boosts its reserves and global standing.