China’s gold imports increase

China’s gold imports increase

Although gold prices fell further at the onset of July, China has boosted its gold imports, said Emirates NBD precious-metals Chief Gerhard Schubert. Gold closed on 5 July, down by USD11 week-on-week at US$ 1,224 per troy ounce, with Chinese gold imports keeping its record pace. Schubert added that gold reacted to improved unemployment figures and improved US economic data.

And in a culture that values gold, a cheaper gold price means more people can afford it.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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