China spends record amount importing over 1,000 tonnes of gold this year
- Posted on September 22, 2026
- By Financial Times
- 4 Views
- 1 min read
In brief
China's gold imports have reached unprecedented levels, with the world's second-largest economy acquiring over 1,000 tonnes of bullion during the first eight months of 2024. This massive investment, valued at approximately $160 billion, reflects the nation's strategic commitment to diversifying its foreign reserves and reducing reliance on dollar-based assets. The surge underscores China's ongoing efforts to strengthen its financial position amid global economic uncertainties and geopolitical tensions.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
China spends record amount importing over 1,000 tonnes of gold this year
World’s second-largest economy shelled out almost $160bn on bullion in eight months to August
