China should boost gold reserves to 5 pct, says World Gold Council
By GCRU Gold News on Friday, March 27 2015, 23:39 - Permalink
China should increase its gold holdings to around 5 percent of its total foreign exchange reserves to help diversify currency risks, the World Gold Council (WGC) said.
China currently holds about 1.6 percent of its foreign exchange reserves in gold, which is relatively low compared with developed countries and some developing countries, WGC China managing director Roland Wang said.