Government agency of China
The National Food and Strategic Reserves Administration (Chinese: 国家粮食和物资储备局) is a deputy ministerial-level national agency administered by the National Development and Reform Commission of the People's Republic of China.[1][2] Its mandate is to stockpile strategic resources and intervene in markets using this stockpile when neccesary.[3]: 218
History
The Decision of the First Meeting of the 13th National People's Congress on the Institutional Reform Program of the State Council was enacted by the First Meeting of the Thirteenth National People's Congress on March 17, 2018, thereby approving the Institutional Reform Program of the State Council. The National Food and Strategic Reserves Administration is established by the program. The National Development and Reform Commission is responsible for management. Concurrently, the State Grain Bureau was abolished.[4][5][6][7][3]: 218
On April 4, 2018, the National Food and Strategic Reserves Administration was inaugurated. [8]
As the State Reserve Bureau in 2005, it released 80,000 tonnes of copper into the global market amid rapidly rising copper prices.[3]: 218 In 2019, the Administration released pork onto the market following a swine flu outbreak.[3]: 218 In 2021, the Administration released 110,000 tonnes of copper into the global market.[3]: 218
Leadership
Directors
References
External links
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