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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China's gold reserves top 1,000 tonnes: state media AFP - Sunday, April 26 BEIJING (AFP) - - China's gold reserves rose 75 percent from 2003 to 2008, state media said, reporting that Beijing now had the world's fifth largest holdings of the precious metal. ADVERTISEMENT China had 1,054 tonnes of gold by the end of 2008, up 454 tonnes from the 600 tonnes that it said it had in 2003, the last time it reported its reserve figures, Xinhua news agency said in a report Friday. The new figures, released by the State Administration of Foreign Exchange, has been reported to the International Monetary Fund, Xinhua said. China has adjusted its gold reserve holdings twice since 2000, raising the holdings from 394 tonnes to 500 tonnes in 2001, and to 600 tonnes in 2003, Hu Xiaolian, head of the administration, told Xinhua. China holds the world's largest foreign exchange reserves, which stood at 1.954 trillion dollars at the end of March, up from 1.946 trillion dollars in December, official data showed. On Friday, gold prices raced higher on concerns about the US economy and strong Chinese demand. By late Friday on the London Bullion Market, gold jumped to 909 dollars an ounce from 870.50 dollars the previous week. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy China set to spend $10B more of stimulus packageAP - 51 minutes ago Aus recession to last longer than first fearedAFP - 1 hour 37 minutes ago China, Taiwan hold talks on economic cooperationAP - 2 hours 56 minutes ago Australia's shops ring in 'manna from Kevin'AFP - Sunday, April 26 Related Articles: Business China set to spend $10B more of stimulus packageAP - 51 minutes ago Israel's Koor cuts Credit Suisse stake to 2.78 pctReuters - 55 minutes ago Qatar Islamic Bank unit starts sukuk fundReuters - 59 minutes ago Oman's Raysut Cement Co Q1 profit falls 34 pctReuters - 1 hour 19 minutes ago China, Taiwan in landmark financial services dealReuters - 1 hour 22 minutes ago Enlarge Photo China's gold reserves top 1,000 tonnes: state media Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Charred meat linked to pancreatic cancer risk Downturn hits Elton John, Paul McCartney 'Golden Girls' Beatrice Arthur, dead at 86 Albino buffalo a first for Kenya Toyota's Trulli on pole for Bahrain Grand Prix View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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