China’s imports of gold from Hong Kong more than trebled in 2011 from the year before, hitting a record 428 tonnes, as savers sought to hedge against inflation.
The figures, published by the Hong Kong Census and Statistics Department, are a proxy for China’s overall gold imports. China, which does not release official data on gold imports or demand, is expected to overtake India soon as the largest gold consumer.
One trader at a Chinese bank said total imports last year were at least 30 per cent higher than the Hong Kong numbers indicated once shipments from other countries, such as Switzerland and Singapore, were taken into account.
您已阅读29%（639字），剩余71%（1568字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。