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Story summary
- China announced its first undersea gold deposit, Asia's largest, off Laizhou, Shandong.
- Laizhou's proven gold reserves exceed 3,900 tonnes, about 26% of China's total.
- The city government announced the findings at a conference on achievements and future plans, but authorities did not disclose the deposit's size.
- Shandong now holds about a quarter of China's gold reserves, after finds of 1,444.49 tonnes in Liaoning and over 1,000 tonnes in Kunlun Mountains.
