4 Dec 2010

Gold imports soar

10:51 am on 4 December 2010

Gold imports into China have soared this year as investors seek to safeguard their cash amid rising inflation.

The China Business News said 209.7 tonnes of gold were imported in the first 10 months of the year.

The publication was Shanghai Gold Exchange chairman Shen Xiangrong.

That is an increase of 480% from the same period last year.