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What China keeps in its secretive commodity reserves
FILE PHOTO: An employee operates a crane to lift aluminium wires at a warehouse in Zouping county, Shandong province, China April 18, 2018. China Daily via REUTERS 05 Aug 2021 08:19AM (Updated: 05 Aug 2021 09:01AM)
For the first time in a decade, China has released some of its strategic metal stocks to try to dampen a price rally hurting manufacturers. It has also released coal and imported corn reserves to cool prices, while buying pork to prop up that market.
China is the world s largest user of commodities and has built up vast reserves. The following are details of key commodities and estimates and assessments of strategic reserve levels
Despite heavy rainfall in some areas, China s services grew strongly in July, as evidenced by a spike in a key gauge, suggesting the sector is so resilient it will probably have no trouble at all in withstanding the disruption brought by the latest wave of local COVID-19 cases, experts said on Wednesday.
By Tom Daly and Shivani SinghAug 5 (Reuters) - For the first time in a decade, China has released some of its strategic metal stocks to try to dampen a price rally hurting manufacturers. It has also released coal and imported corn reserves to cool prices, while buying pork to prop up that market.China is the world's largest user of commodities and has built up vast reserves.
The inflation rate reached a four-year record high of 18per cent in March this year, according to Nigeria s Bureau of Statistics. People displaced by conflict have found it increasingly harder to buy food