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National Food and Strategic Reserves Administration

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National Food and Strategic Reserves Administration
国家粮食和物资储备局

National Food and Strategic Reserves Administration housed at the National Development and Reform Commission
Agency overview
FormedMarch 17, 2018; 6 years ago (2018-03-17)
Jurisdiction People's Republic of China
Headquarters25 Yuetan North Street, Xicheng District, Beijing
Agency executive
Parent agencyNational Development and Reform Commission
Websitewww.lswz.gov.cn Edit this at Wikidata

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

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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

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Directors

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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

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  1. ^ "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.
  2. ^ "Federal Ministry of Agriculture and Rural Development | About Department of Food and Strategic Reserve". Retrieved 2019-06-26.
  3. ^ a b c d e 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.
  4. ^ "China tries to improve running of strategic food and energy reserves". South China Morning Post. 2018-03-16. Retrieved 2019-06-26.
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