China says to consider more foreign reserves investment in gold "cautiously"

2010-03-09 02:43:47 GMT2010-03-09 10:43:47 (Beijing Time) Xinhua English

BEIJING, March 9 (Xinhua) -- China's foreign exchange regulator said on Tuesday it will consider to invest more of its foreign exchange reserves in gold "cautiously" based on market conditions.

Yi Gang, head of the State Administration of Foreign Exchange and vice governor of the People's Bank of China, made the remarks at a press conference on the sidelines of the annual session of the National People's Congress, the top legislature.

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