China gold licences: Yellow metal’s largest buyer to ease rules; continues to diversify away from dollar reserves – The Times of India
China, the world’s largest consumer of gold, is planning to relax licensing norms for the export and import of the yellow metal, as the nation continues to steer away its reserves from the US dollar.According to a draft proposal from the People’s Bank of China (PBOC), China plans to expand the use of “multi-use permits,”…
