中国地黄金需求为什么会飙升_极好(国外英文资料).docVIP

中国地黄金需求为什么会飙升_极好(国外英文资料) Why has Chinas gold demand soared? A more plausible explanation may be that, as the worlds best savers, they lack investment channels. If the mainstream view is correct - China has weathered the global crisis and its economic growth for the current stagnant - then the decrease in western economies rely, why Chinas gold demand will surge? Gold is often regarded as defensive assets, gold imports from Hong Kong and mainland China number (a barometer of Chinas overall gold import demand) has tripled since 2010. The world gold council expects China to overtake India as the worlds largest gold market this year. It is generally believed that this is because China wants to protect itself from the problems of the eurozone and the us. But it also shows that many Chinese are more concerned about the sustainability of their economic miracle than the outside world knows. So who is buying gold? Many people thought it was the peoples bank of China. After all, China has $3.18 trillion in foreign exchange reserves, a safe alternative to the hard currency. How China has configured these reserves has not been made public. But the central bank has repeatedly acknowledged that it is seeking to diversify away from dollar holdings. So is this the answer to Chinas massive buying of gold? Not quite. The peoples bank of China is a force of recent purchases, but will not be the main force, because Beijing is not selling dollars or euros, and if it wants to buy so much gold in the international market, will appear this kind of circumstance. In addition, Chinas foreign exchange reserves for the first time since 1998 quarter-on-quarter decline, a sign that Beijing can be used to buy gold in the international market of foreign exchange. Nor is it likely that Chinese institutional investors will be the main driver of the surge in gold imports. The data show that supply from domestic mines can meet their demand for gold. In fact, no one thinks the demand for gold will soar