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Don’t Look Now But China’s Gold Reserves Have Doubled
Marketwatch
Chris Oliver
4/24/09
China has boosted its gold reserves to 1,054 metric tons, according to a Friday report by Xinhua News Agency, which cited Hu Xiaolian, head of the State Administration of Foreign Exchange.
The increase makes China the world’s fifth-largest holder of gold, just ahead of Switzerland, and among the six nations plus the International Monetary Fund that have reserves of more than 1,000 metric tons.
Hu said that China’s gold reserves had risen by 454 metric tons since 2003 and that the total was being reported to the IMF per the organization’s rules.
The comments are China’s first public acknowledgement…
27Apr2009 | The Real Deal | 0 comments | ContinuedEver Shop in a China Bull?
Just what in the world are those Chinese up to?
You can’t turn your head these days without someone commenting on, analyzing, besmirching or otherwise gabbing about the Chinese. And with good reason. The Chinese economy is now the “scale-tipper” in the battle to reflate the world economy. Whither China, whither the rest of us.
They’re not a friendly lot, though, the Chinese. Not much concern for workers’ rights or the environment. And absolutely single-minded in their desire to consolidate power and acquire territory they believe is rightfully theirs.
They certainly relish the prospect of becoming the next great global economic and military…
17Dec2008 | Oxbury Research | 0 comments | Continued
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