China opens its borders to multi-billion dollar gold imports: Sources
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Last Updated: Apr 16, 2021, 03:47 PM IST
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With China s economy rebounding strongly since the second half of last year, its appetite for gold jewellery, bars and coins has also recovered, and since January domestic prices have been higher than global benchmark rates, making it profitable to import bullion.
Agencies
The PBOC, the nation s central bank, controls how much gold enters China through a system of quotas given to commercial banks.
China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support gold prices after a months-long decline.
Updated:
April 09, 2021 20:26 IST
The previous ninth round of the ECG was also held prior to the Doklam standoff, in April 2017 in Beijing.
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The previous ninth round of the ECG was also held prior to the Doklam standoff, in April 2017 in Beijing. Bhutan and China have agreed to set up the next round of much-delayed boundary talks between them “as soon as possible” and discussed a roadmap for expediting the boundary resolution, a joint release of the 10th Expert Group Meeting (EGM) on the Bhutan-China Boundary held in Kunming announced on Friday. The upcoming talks, the 25th round of the boundary talks mechanism, will be the first since the Doklam standoff in 2017, and the first since China made new claims on Bhutan’s eastern boundary bordering Arunachal Pradesh in June 2020.
Joint Press Release – Ministry of Foreign Affairs mfa.gov.bt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mfa.gov.bt Daily Mail and Mail on Sunday newspapers.
Prime Minister Lee Hsien Loong said in a TV interview he hoped Singapore would start re-opening its borders by the end of the year as more countries ramp up vaccination drives against COVID-19 infections. The Southeast Asian island nation has largely banned leisure travel, but has put in place some business and official travel programmes. "I hope if that many countries can have substantial proportions of their populations vaccinated by later this year, we will be able to have the confidence and to have developed the systems to open up our international borders to travel safely again," Lee said in an interview with BBC that aired on Sunday.
Malaysian Association of Hotels chief executive officer Yap Lip Seng told StarBiz: “Though limited to only business travellers at the moment, we are confident that it can be further fine-tuned and improved for other target groups.”
PETALING JAYA: Hoteliers and property developers welcome the government’s move to allow business travellers into the country following the relaxation of the movement control order (MCO).
Malaysian Association of Hotels chief executive officer Yap Lip Seng said the reopening of international borders is a huge step forward.
“MAH is in full support of the move, where the industry had previously proposed similar procedures.