Gold im­ports de­cline as cus­tomer de­mand wanes

China Daily (Canada) - - BUSINESS -

Main­land gold im­ports fromHong Kong dropped in­May to the low­est level since Jan­uary last year as a weaker yuan curbed ap­petite for the pre­cious metal in the world’s largest con­sumer. Hong Kong has been the main con­duit for gold into the Chi­nese main­land, but im­ports are in­creas­ingly be­ing shipped di­rectly to Shang­hai and Bei­jing, help­ing con­ceal the ac­tual amount of yel­low metal that en­ters the coun­try, since the cen­tral govern­ment does not re­port gold trade data.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.