China imports 400 tonnes of Swiss gold in H1

Sharps Pixley/Lawrie Williams/7-23-2018

“Gold flows from West to East seem to be holding up well, at least as far as imports into Greater China from Switzerland are concerned. The small European nation, which has a number of specialist gold refineries, has exported so far this year some 400 tonnes of gold to China and to its special administrative region of Hong Kong in the ratio of around 69% direct to the Chinese mainland and 31% to Hong Kong – with most of the latter ultimately destined for mainland China too.”

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