| Journal Call no. | HD9999.C58H66 |
|---|---|
| Article Title | China announced new gold pricing strategy to further reform gold market. |
| Is Part Of | Jewellery review ; v.3, no.68, May/Jun 1998, p.82-83. |
| Abstract | The People's Bank of China, which has full control over China's gold policy and regulations, announced on 20 February 1998, a further lowering of the official purchasing price paid by the Bank to producing gold mines to 80.5 yuan a gram (US$9.7/gram, based on US$302/oz). The act was seen as a significant step by the Chinese authorities to further reform the gold market. The article features the enthusiastic trade response from the gold industry. |