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Chinese gold imports up 30%:
According to new data from Hong Kong Census and Statistics Department mainland China's net imports of gold totaled 109.2 tonnes in February.

That's up more than 30% over the 83.6 tonnes in January and up a whopping 79.3% compared to the same month last year when Chinese imported 60.9 tonnes from the financial and trading hub.

As is the case with copper and increasingly iron ore, much of the imported bullion is being used as collateral for loans, mostly short-term facilities and trade credit, amid a worsening credit crunch inside the country....
Linkedin 27/03/2014