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To: long-gone who wrote (61739)12/5/2000 6:25:27 PM
From: lorne  Respond to of 116764
 
China cleans up gold trade ahead of WTO entry
Reuters
5 Dec 2000 17:38 (GMT +08:00)
BULLION ENTREPOT
" Hong Kong's historic trade figures suggest this Special
Administrative Region (SAR) of China should be sinking under a
mountain of gold.
In 1999, Hong Kong imported 120 tonnes of gold and officially
re-exported just 11 tonnes: consumption 109 tonnes. In 1998, it
imported nearly 232.5 tonnes and re-exported less than 25 tonnes:
consumption 207.5 tonnes.
The peak seems to have been in 1997, when the SAR imported
more than 434 tonnes but re-exported just 7.5 tonnes: consumption
a whopping 427 tonnes. "
Full story >>>
asiawise.com