Asia Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business.

Asia Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business.: "An instrument less discussed in mainstream analysis but with long-term implications for the viability of the US dollar as the universal reserve currency, can be gleaned from the fact that in 2009 China reportedly bought 454.1 tons of gold from its domestic market, which is equivalent to nearly 50% of the total purchases of 890 tons of gold made by the world's central banks last year."