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China to stockpile critical resources and strengthen energy security to avoid trade shocks

Source: scmp.com scmp.com
News Snapshot:

Beijing is prioritising “strategic material security” under its new 15th five-year plan that elevates the supply and domestic stockpiling of critical resources to a matter of national security.Under the blueprint, Beijing is positioning “key commodities” on the same strategic footing as food and energy security, saying China will take a more active role in strengthening “energy and resource supply security” by “preventing and mitigating major risks in systemically important areas”.To achieve this, the Asian economic giant aims to address “weak links” in its supply chains, which are areas where it relies too heavily on foreign technology or companies.AdvertisementBy strengthening these…

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