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Gold

This tag is associated with 3 posts

China has piled up nearly 100 tons of gold reserves to help buffer against the blows of Trump’s trade war


Gold has risen 18% since the start of the year, in part because China has been adding vast amounts of the metal to its reserves. Bloomberg, citing the People’s Bank of China, reported that the Asian superpower added over 94 tons of gold to its reserves since December, consistent with gold’s rise since the end … Continue reading

Chinese state refinery executive hid stolen gold in dusty car


Ming Pao says in an exclusive report that Song Wendai, former chairman of state-owned Qiankun Gold and Silver Refinery Joint Stock Company in Inner Mongolia, was suspected of stealing 60 kg of gold, 1400 kg of silver and tens of millions of yuan from the refinery. Forty detectives spent more than a year to crack … Continue reading

Alibaba Scam By Employees


In July last year, Chinese police arrested more than 36 people charged with duping overseas buyers of more than $6 million, by posing as buyers on the e-commerce website Alibaba. The crux of this scam was the “Gold Supplier” programme, which sought to make foreign buyers more comfortable doing business with Chinese suppliers. Suppliers in … Continue reading

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