4% of China's gold reserves may be fake: Report

4% of China's gold reserves may be fake: ReportThe 83 tons of purportedly pure gold stored in creditors' coffers by Kingold as of June, backing the 16 billion yuan of loans, would be equivalent to 22 per cent of China's annual gold production and 4.2 per cent of the state gold reserve as of 2019.

First published here: 4% of China's gold reserves may be fake: Report