China National Cotton Reserves Corporation to be Absorbed by Sinograin in SASAC Shakeup

China’s state-asset watchdog said Wednesday [21 November 2016] that China National Cotton Reserves Corporation will no longer be under its supervision and be merged with another state-owned company. The state cotton reserve manager will become a wholly-owned subsidiary of China Grain Reserves Corporation (Sinograin), the State-owned Assets Supervision and Administration Commission (SASAC) said in a

China’s “Temporary Procurement and Stock” Program Under Fire After Grain Storage Operators in Northern China Found Selling Expired Grain

About an hour’s drive outside of Changchun, capital of Northeast China’s Jilin Province, stands the Xinghua Grain Depot, a storage facility capable of procuring 80,000 tons of corn a year. The depot is one of many facilities that the State-owned grain storage company China Grain Reserves Corp (Sinograin) uses to stockpile grain for “temporary procurement