China plans to accelerate annual stockpiling of strategic commodities

Published 2025년 3월 5일

Tridge summary

China is set to increase its annual stockpiling of strategic fuels, food, and other commodities, with plans to speed up the construction of storage facilities for grain, oil, and other commodities. The country, known as the world's largest consumer of raw materials, is notoriously secretive about the size and extent of its reserves, which are estimated to contain hundreds of millions of tonnes of various goods. The country will also work on refining its planning systems for the exploration, production, and storage of strategic minerals.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

BEIJING, March 5 (Reuters) - China said on Wednesday it would speed up its annual stockpiling of strategic fuels, food and other commodities. In a report on Wednesday, China’s state planner said it would steadily advance the construction of storage facilities for grain, oil and other commodities. “We will speed up the fulfillment of the annual task of stockpiling strategic goods while working to expand the scale of reserves,” the report said. The world’s biggest consumer of raw materials, China is highly secretive about the size and extent of its vast network of reserves, although analysts estimate they contain hundreds of millions of tonnes of metals, grains, meat and crude oil. China’s strategic petroleum reserve (SPR) was estimated at 290 million barrels last July, although ...

Source: NoticiasAgricolas