China to remove gold import license for industrial purposes: customs

Gold imported into China for industrial use will not require a central bank permit from the beginning of this year, the General Administration of Customs said on Thursday. 

PHOTO: AFP

JAN 7, 20163:29 PM

[SHANGHAI] Gold imported into China for industrial use will not require a central bank permit from the beginning of this year, the General Administration of Customs said on Thursday.

Industrial use includes the processing of gold in making watches and coins, for example, according to the statement.

REUTERS