Though the sixth-largest holder of gold after America, Germany, Italy, France and Russia, China’s gold reserve is small relative to its total foreign exchange reserves of US$3.12 trillion. Photo: Reuters

China should not rush distancing from dollar

  • China should avoid upping the ante in the move away from holding US dollar-based assets but it is likely to continue buying of gold for diversification and protection
Topic |   China economy

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Though the sixth-largest holder of gold after America, Germany, Italy, France and Russia, China’s gold reserve is small relative to its total foreign exchange reserves of US$3.12 trillion. Photo: Reuters
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