2010-12-02 10:54

China's gold imports in the first 10 months jumped almost fivefold from a year earlier to 209 tons, Bloomberg reported on Dec 2, citing Shen Xiangrong, chairman of the Shanghai Gold Exchange.

Related readings:  Investors see gold as inflation hedge  China's gold consumption set to rise by 4%: Report  Demand for gold swells  China approves first gold fund as demand rises

"The expectation for higher inflation has fueled great interests among investors to hold physical gold, which led to higher imports," shen said. China imported 45 tons for the entire of 2009, he said.