China’s $170BN Gold Rush Triggers Taiwan Invasion Fear

Beijing appears to be stockpiling gold following a record buying spree, in a move that has raised fears China is preparing its economy for a possible conflict over Taiwan - guarding it against potential Western sanctions.

The People’s Bank of China bought 27 tons of gold in the first three months of the year, taking its reserves to a record high of 2,262 tons, according to data from the World Gold Council.