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Article: China's gold reserves rise to 1,054 tons.
- Article from:
- China Business News
- Article date:
- April 27, 2009
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China's gold reserves rise to 1,054 tons
Shanghai. April 27. INTERFAX-CHINA - China's gold reserves have reached 1,054 tons, which ranks it among the top five countries in the world, according to a report released by the State Administration of Foreign Exchange (SAFE) on April 24.
China has bought a total of 454 tons of gold from the domestic market since 2003, SAFE's chief administrator, Hu Xiaolian, said in the report.
The government has not mentioned the gold purchases over the past few years until now, as it has reached its goal. News of the purchases would have hiked gold prices ...