China Should Consider Adding to Gold Reserves

Businessweek reports that China should consider adding to its gold reserves as a long-term strategy to pave the way for the yuan’s internationalization.

The market news is quoted as saying:

The country must revise its foreign-reserves management principle, Xia wrote. China is the world’s largest producer and second-biggest user of gold and has a world-record $2.65 trillion in foreign-exchange reserves.

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