Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China to release national crude oil reserves

September 10, 2021


Abstract : China's state reserves authority Thursday announced it would release crude oil from its national reserves to alleviate stress on businesses over rising raw material costs.

BEIJING, Sept. 9 (Xinhua) -- China's state reserves authority Thursday announced it would release crude oil from its national reserves to alleviate stress on businesses over rising raw material costs.

The National Food and Strategic Reserves Administration said the release, to be implemented in batches, mainly targets domestic enterprises that practice refining-petrochemical integration.

Since the beginning of this year, bulk commodity prices have surged due to factors including the overseas spreading of COVID-19 and the imbalances of supply and demand, weighing on medium and small firms.

Data from the National Bureau of Statistics Thursday showed China's producer price index, which measures costs for goods at the factory gate, went up 9.5 percent year on year in August, faster than the 9 percent year-on-year increase registered in July. Enditem

Scan the QR code and push it to your mobile phone

Keyword: crude oil reserves

Reading:

【Financial Str. Release】China's forex reserves fall in August

Economic Watch: Chinese banks steer loans to real economy amid recovery

China to hike retail fuel prices

May Keywords: Something Old, Something New

China releases 150,000 tonnes of national metal reserves

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial