China’s gold buying break seen as fleeting given its long-term needs

China’s gold buying break seen as fleeting given its long-term needs

China still has plenty of appetite for official gold purchases despite pausing in May and June, as its bullion holdings remain low as a share of reserves and geopolitical tensions persist, according to a policy insider, industry experts and data. Beijing’s gold buying, which helped the spot price rally in April and May, is no … Read more

China will maintain prudent, flexible monetary policy in H2: Central bank

China will maintain prudent, flexible monetary policy in H2: Central bank

China will maintain a prudent, flexible and targeted monetary policy in the second half of the year, its central bank said on Saturday, as it seeks to support growth while keeping the digital economy in check. China’s economy has staged a strong rebound from the impact of the Covid-19 pandemic, but recent data has suggested … Read more