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Quiz: Which country is the largest gold consumer?

Quiz: Which country is the largest gold consumer?

This Asian country consumed over 900 tons of gold last year, more than any other nation in the world, according to the World Gold Council.

Chinese people rush to gold amid uncertain economy, crisis-ridden real estate market

Chinese people rush to gold amid uncertain economy, crisis-ridden real estate market

People in China have been turning to gold despite rising prices as the precious metal is deemed the best safe haven asset amid economic uncertainties and a crisis-hit property sector.

China unexpectedly cuts 2 key rates, withdraws cash from banking system

China unexpectedly cuts 2 key rates, withdraws cash from banking system

China's central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from the banking system on Monday, to try to revive credit demand to support the Covid-hit economy.

August 14, 2022 | 06:47 pm PT

China's yuan opens at 2-1/2 month low on global dollar strength

China's yuan opens at 2-1/2 month low on global dollar strength

China's yuan opened weaker on Thursday, hitting its lowest level since early March, after minutes from the U.S. Federal Reserve's last policy meeting increased expectations for a June rate hike, sending the dollar higher.

May 18, 2016 | 06:25 pm PT

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