LINE

Text:AAAPrint
Economy

China raises gold reserve for first time in six years

1
2015-07-18 10:11Xinhua Editor: Gu Liping

China's gold reserves rose nearly 60 percent to 1,658 tonnes at the end of June from the previous figure released the end of April 2009, when the amount was 1,054 tonnes.

Gold prices have retreated from a historic high in recent years and the central bank gradually accumulated the reserves through various channels, said the People's Bank of China (PBOC) on Friday.

The channels include domestic scrap gold, production storage and trade in domestic and overseas markets.

China is the world's largest gold producer and a major consumer.

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.