We already know that Chinese imports of HK gold passed all records [4]in the month of April. It appears that the precious metal is not the only hard asset that China has set its sights on.
From BBG [5]:
China imported a net 25.3 million metric tons of crude in May, or 5.98 million barrels a day, up 10 percent from April, customs data showed yesterday. The previous record was 5.87 million barrels a day in February. Purchases cost an average of $120 a barrel, compared with about $123 in April, the data showed.
And visually:
[6]
Perhaps it is not worth pointing out that one thing China is seemingly not hoarding is the USD.