So the speculation is over with China announcing it has now accumulated 1,658 tons of gold up 500 tons on the figure released in 2009. It dispels the conjecture & that they are indeed accumulating, however the figure is quite underwhelming & is substantially less their own domestic production of around 400 tons a year. The flip side to the equation is that we know China is importing somewhere north of 1,000 tons of gold pa plus their own production, so over 90% of that has been accumulated by Chinese individuals and that is encouraging in itself.