According to information, during the 11 months of 2025, China imported $1.9 billion worth of gold from Russia. In the January–September period, this indicator amounted to only $9 million. In October–November 2024, Russia did not export gold to China.
Analysts explain this increase with Beijing's policy of gradually moving away from dollar reserves. French experts note that China may have purchased up to 250 tons of gold in total in 2025, which is significantly higher than the officially announced figures.
At the same time, various publications express different opinions regarding China's official announcements, and Financial Times analysts have written that they view the data from the People's Bank of China with skepticism.
