China Eases Gold Import Restrictions Amid Trade War

Posted on August 23, 2019 12:12 pm
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Earlier, gold industry sources told Reuters that the Chinese government had taken steps to drastically reduce the import of gold in recent months in an effort to slow capital outflows and strengthen the country’s currency.

China’s Central Bank has ‘partially lifted’ restrictions on gold imports for commercial banks, Reuters has reported, citing three industry sources said to have direct knowledge of the matter.

“Some [quotas] have been given,” one of the sources said, adding that they were lower than usual. It’s a “partial lift” of restrictions, a second source said.

The easing of import quotas to commercial