China ranks sixth with 1,948.31 tons in the top ten countries with the most gold reserves.
China is the largest consumer of gold in the world.
China is considering the issuance of gold-denominated bonds, supported by gold reserves.
China Securities Index Co launched two gold-linked stock indices to cash in on surging demand for exposure to the safe-haven metal.
The new indexes, include shares of global gold miners such as Newmont Corporation and Barrick Gold.
The People's Bank of China is stocking gold at fastest pace in years.
BRICS confirmed an International reserve currency based on a basket of currencies backed by gold and other assets.
Gold/Yuan live chart:
The Chinese Yuan, known as CNY or RMB, is gaining international prominence as the currency of the People's Republic of China.
The Petro Yuan, or China's attempt to price and trade oil in its national currency, the yuan (CNY), is reshaping global energy markets and challenging the U.S. dollar's dominance.
China, as the world's largest oil importer, seeks to reduce its reliance on the dollar and increase its influence on the world stage.
The Chinese Yuan plays a significant role in the process of dedollarization, reflecting evolving economic, political, and strategic dynamics in the global landscape.