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China The Biggest: Gold Buyer

Back in 2008 we already remarked on “China The Biggest: Gold Producer [1]”. Now it has also become the biggest gold buyer too, according to a report from People’s Daily [2] (h/t @westlawchina [3]).

“World Gold Council (WGC) data reveals that for the first time in 21 years the world’s central banks have been net buyers of gold and China has been the biggest buyer this year [2009], adding 454 tones to bring its central bank reserves to 1,054 tones.”

What will be next up in our “Biggest” series? Looks like it could be…Exporter [4] (China Daily). We will keep you posted.

Trade: May? Will?RT @China_Daily: China may surpass Germany as world’s biggest exporter http://tinyurl.com/y8z5q3d 1:52 PM Dec 27th, 2009