China to keep up T-bill purchases; cautious on gold

gold bars

The head of China's foreign exchange and reserves bureau said on Tuesday that the country was unlikely to pin all its hopes on gold, despite the metal's strong recent performance.

Yi Gang, the chief of the State Administration of Foreign Exchange (Safe), pointed out during a press conference at the ongoing National People's Congress meeting that the metal has been vulnerable to price swings over the past 30 years, with "big ups and downs."

The country, which has the world's sixth largest gold re

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