We all know that the present Chinese gold market is a relatively closed one with membership accessible only to domestic gold producers, intermediate consumers and commercial banks; exports and imports have not been liberalized; and no round-the-clock synchronized transactions with the international market.
In 2020, advanced economies on average were able to deploy about 28 percent of their GDP in fiscal and monetary policy measures, compared with only 6 percent in emerging markets and less than 2 percent in low-income countries.