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China working to secure food supplies - September 10, 2020
China working to secure food supplies - September 10, 2020
China Plans Strategic Boost to Vast State Commodity Reserves
Bloomberg News
September 10, 2020, 12:43 AM EDT Updated on September 10, 2020, 2:14 AM EDT
China’s top leadership will next month lay out its strategy for 2021-2025 that will include ramping up domestic consumption and making more critical technology at home, in a bid to insulate the world’s second-biggest economy from worsening geopolitical tensions and fraying supply chains. Securing food supplies, fuel and materials is a precondition of greater self-reliance for the world’s biggest importer of commodities.
Assuaging China’s anxieties over energy and food security in particular will be a focus of the new buying program, the officials said.
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