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To: futures speculator who wrote (36652)7/22/2005 3:28:06 PM
From: RealMuLan  Respond to of 110194
 
It is a figure widely cited by many Chinese economists. And it is highly unlikely the Chinese gov. will increase its holding on gold but it encourages the Chinese people to increase their holding of the gold.

The percentage of gold in China's foreign reserve was >50% before 1980, although the total reserve was much lower than it is now.



To: futures speculator who wrote (36652)7/22/2005 4:32:33 PM
From: RealMuLan  Respond to of 110194
 
here is a Chinese offical site giving their gold reserve figure (Looks like now it is only 1%):
As of Dec. 2004, China has 19,290,000 oz. of gold
pbc.gov.cn


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