China Q1 gold imports up six-fold

by Lawrence Williams,



China’s imports of gold through Hong Kong have risen six times in the first quarter of the year compared with a year earlier – with March 59% above February’s figures on a month on month basis..
China looks as though it could be well on the way to overtaking India as the world’s largest gold consumer this year as the import data through Hong Kong – seen as a proxy for China’s total imports, which may be far higher – have continued to surge, growing six-fold from the same quarter a year ago.
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