“China has imported through Hong Kong 129 tonnes of physical gold in July, from the 113 tonnes it imported in June. This is the second highest import level on record in a month and a year-over-year increase from 76 tonnes in July 2012. The July imports are also over and above the 518 tonnes of gold imports the nation already brought in the first six months of 2013, according to available data. The country continues to buy at record levels, importing on an average, over 100 tonnes of gold every month for the last five months. The largest gold ETF in the US holds 919 tonnes of physical gold, and China has imported over two thirds that amount in just seven months.”
http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=204726&sn=Detail
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