While analysts keep trying to answer the burning question of how much gold China really has, the most recent theory indicates that it's at least 9,500 tonnes.
His comments follow this week's decision by the federal court of Australia to overturn government approval for the construction of one of the biggest coal mines in the world.
China's 600 tonnes in 6 years disappointed, but latest central bank data shows Russia again adding to its hoard as it diversifies away from the US dollar.