One of the largest exporters of gold to China is Australia, but calculating Australia’s gold export to China is complicated, as we need to be cautious to avoid double counting in computing China’s total net gold import. The thing is, ABS bluntly alters any “export to Hong Kong” into “export to China” when they suspect the gold is shipped to Hong Kong but will reach the mainland as its final destination – this is what ABS confirmed to me. Therefor, from using Australia’s “export to China” double counting can arise when any gold flowing from Australia via Hong Kong to China would then be declared as “export to China” by Australia and “export to China” by Hong Kong.