EconomyGold strategy: how a Chinese vault network could bolster the yuan’s role
China is developing a worldwide network of gold vaults and speeding up central-bank purchases to strengthen the yuan’s role in international trade, according to an S&P Global Ratings report. Zijin Mining and Shandong Gold Mining are expected to expand faster than most global peers after Beijing classified gold as a “strategic mineral” in 2025.
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South China Morning Post★★★☆☆2026-08-25 02:30Original
Gold strategy: how a Chinese vault network could bolster the yuan’s role
Economy