Comment: China’s Gold Purchases From Hong Kong Expand to Record

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China’s Gold Purchases From Hong Kong Expand to Record

http://www.bloomberg.com/news/2013-05-07/china-s-gold-purcha...

By Bloomberg News - May 7, 2013
Gold imports by China from Hong Kong more than doubled to an all-time high in March as buyers in the biggest consumer after India boosted purchases, underscoring increased bullion demand in the world’s second-largest economy.
Mainland buyers purchased 223,519 kilograms (223.52 metric tons), including scrap, compared with 97,106 kilograms in February, according to data from the Hong Kong government yesterday. Net imports by the mainland, after deducting flows from China into Hong Kong, were 130,038 kilograms compared with 60,947 kilograms a month earlier, according to Bloomberg calculations.

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