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Thursday, February 20, 2014
China Should Expand Its Gold Reserve Amidst of Gold Price Fall
ANBOUND

According to the report from World Gold Council (WGC), in 2013, global gold demand dropped to 3756 tons, the lowest in the past 4 years, while the gold price experienced the biggest fall since 1981. ANBOUND think tank scholars highlighted that China should expand its gold reserve. Huge gold reserve has strong support towards RMB exchange rate during Renminbi Internationalization. It is helpful in promoting "New Silk Road Economic Belt" as well as enlarging cooperation with ASEAN. China central bank should expand its gold reserves for the purpose of financial stability, thus it should expand strategically as long as the gold price is falling.

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