China Plans Strategic Boost to Vast State Commodity Reserves
Reserves cost money. Strategic reserves cost more money. When you ramp them up you have a good reason. You either fear an embargo or an attack or similar. You want to be sure you cannot be blackmailed in case thing s go awry. I understand that. But in China’s case there might something else in play. It’s important for the country to project a facade of confidence and growth. And lesser imports of stuff create doubts. Filling reserves keep imports running feeding the dragon. Thats maybe not even a reason but I would understand if it were.
