The People’s Bank of China wants to hold gold as a form of currency as well as store of value. Photo: Shutterstock

China steps up gold holdings amid trade war with US; demand rises among consumers too

Name: SCMP
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Official gold reserves in mainland China stood at 1,843 tonnes in second quarter of 2018

Topic | Commodities

Karen Yeung

Published: 7:03am, 9 Oct, 2018

Updated: 2:44pm, 9 Oct, 2018

The People’s Bank of China wants to hold gold as a form of currency as well as store of value. Photo: Shutterstock

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Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.