National Food and Strategic Reserves Administration
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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
| 国家粮食和物资储备局 | |
.jpg) National Food and Strategic Reserves Administration housed at the National Development and Reform Commission | |
| Agency overview | |
|---|---|
| Formed | March 17, 2018 |
| Jurisdiction |  People's Republic of China |
| Headquarters | 25 Yuetan North Street, Xicheng District, Beijing |
| Agency executive |
|
| Parent agency | National Development and Reform Commission |
History
The Administration was established in March 2018.[4] It had previously been the State Reserve Bureau.[3]: 218
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
| Name | Chinese name | Took office | Left office | Ref. |
|---|---|---|---|---|
| Zhang Wufeng | 张务锋 | April 2018 | June 2022 | |
| Cong Liang | 丛亮 | 2 July 2022 | 30 August 2023 | |
| Liu Huanxin | 刘焕鑫 | 30 August 2023 | Incumbent |
References
- ^ "China to strengthen regulation on grain reserves in 2019 - Xinhua | English.news.cn". www.xinhuanet.com. Archived from the original on January 23, 2019. Retrieved 2019-06-26.
- ^ "Federal Ministry of Agriculture and Rural Development | About Department of Food and Strategic Reserve". Retrieved 2019-06-26.
- ^ 3.0 3.1 3.2 3.3 3.4 Massot, Pascale (2024). China's Vulnerability Paradox: How the World's Largest Consumer Transformed Global Commodity Markets. New York, NY, United States of America: Oxford University Press. ISBN 978-0-19-777140-2.
- ^ "China tries to improve running of strategic food and energy reserves". South China Morning Post. 2018-03-16. Retrieved 2019-06-26.
External links
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