Qiu Shi, a magazine by the CCP Central Committee, recently published an article discussing China’s strategy on gold. The author emphasized the importance of establishing and implementing a national strategy: (1) China must recognize gold’s strategic value and its position as a wealth reserve tool; (2) Domestic gold mining and manufacturing should be considered as the primary approach in developing China’s gold reserves; (3) The government should actively invest in China’s gold industry and push the development of the domestic gold market.
The author suggested that gold plays a strong role in enhancing social and financial stability. China has been the world’s largest gold producer since the year 2007. The article concluded by calling for a comprehensive national gold strategy to be designed and used to guide China into becoming a stronger country.
Source: Qiu Shi, August 1, 2012