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China's gold imports from Hong Kong fall, but what about Shanghai and Beijing?
China's November Gold Imports from Hong Kong Fall Near 9-Year Low
Monday, December 30, 2019
China’s net gold imports via Hong Kong in November plunged 72% from the previous month to their lowest in nearly nine years, data from the Hong Kong Census and Statistics Department showed today, mainly due to subdued demand.
Net imports via Hong Kong to China, the world's top consumer of gold, fell to 3.052 tonnes in November -- the lowest since February 2011 -- from 10.846 tonnes in October, the data showed.
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Total gold imports via Hong Kong slumped 58% to 5.563 tonnes last month, also the lowest since February 2011, from 13.353 tonnes in October. ...
China does not provide trade data on gold and the Hong Kong data may not provide a complete picture of Chinese purchases as gold is also imported via Shanghai and Beijing. ...
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