Friday, China increased its gold reserves by 76% since 2003 to 1,054 tons via domestic purchases and refining scrap metal, Hu Xiaolian, head of the State Administration of Foreign Exchange said in an interview with the Xinhua News Agency. Thus, the country became the fifth biggest nation to have higher reserves.

China's foreign currency reserves are the largest in the world at $1.9 trillion as on end-March.

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