2 things to say - China have imported 1250 tonnes of gold in the last 12 months bought on-market so they are as far as declared figures go a massive net importer of gold - and secondly you would be extremely ill-advised to believe ANY 'guidance' you read on gold from Deutsche, Citi or JP Morgan since these are the crooks who rig & manipulate metals prices by way of unlimited paper (and totally undeliverable) contracts to their own, and US$'s, benefit. China on the other hand is visibly reinforcing the Yuan with something which for the last 3000 years represented real money - gold.
BGS Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held