Gold as a part of foreign exchange reserves reached 40.8 USD bil in 2013 in China, according to the National Statistical Office. This is 27.6 % less than in the previous year.
Historically, gold as a part of foreign exchange reserves in China reached an all time high of 56.4 USD bil in 2012 and an all time low of 2.11 USD bil in 1977. When compared to China's main peers, gold as a part of foreign exchange reserves in India amounted to 21.6 USD bil, 29.6 USD bil in Japan, 40.1 USD bil in Russia and 315 USD bil in USA in 2013.
China has been ranked 5th within the group of 110 countries we follow in terms of gold as a part of foreign exchange reserves, 4 places above the position seen 10 years ago.
A gold reserve is the gold held by a central bank or nation intended as a store of value and as a guarantee to redeem promises to pay depositors, note holders, or trading peers, or to secure a currency.