China’s gold buying spree raises fears for Taiwan

London | China has built up a $US170 billion ($261 billion) stockpile of gold after a record buying spree, in a move that has raised fears Beijing is preparing its economy for a possible conflict over Taiwan.

The People’s Bank of China (PBoC) bought 27 tonnes of gold in the first three months of the year, taking its reserves to a record of 2262 tonnes, according to data from the World Gold Council.

The Telegraph London