What's news
China Daily | Updated: 2019-08-09 07:48
Govt and policies
Gold reserves rise for 8th straight month
China's gold reserves rose for an eighth straight month in July, the central bank said on Wednesday. Gold reserves stood at 62.26 million ounces in July, up 320,000 ounces month-on-month, data from the People's Bank of China (PBOC) showed. The reserves were valued at $88.88 billion at the end of July, compared with $87.27 billion at the end of June. As the world's biggest producer and main consumer of gold, China's holdings of gold make up a small percentage of its total foreign exchange reserves.
Photo
