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'Blog Archive ? Why Are the Chinese Buying Record Quantities of Gold?' expats


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Blog Archive ? Why Are the Chinese Buying Record Quantities of Gold?

-- expats
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01/30/12 12:33
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Blog Archive ? Why Are the Chinese Buying Record Quantities of Gold?

Thank author of this post/comment29-Jan (Forbes) - This month, the Hong Kong Census and Statistics Department reported that China imported 102,779 kilograms of gold from Hong Kong in November, an increase from October's 86,299 kilograms. Beijing does not release gold trade figures, so for this and other reasons the Hong Kong numbers are considered the best indication of China's gold imports. Analysts believe China bought as much as 490 tons of gold in 2011, double the estimated 245 tons in 2010.

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• inflation • currency • risks • brokerage • imports • beijing • stock markets • gold buying • gold imports • gold trade • hong kong • bank of china •
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