Established in 1998, China Merchants reserve commodity management center is specialized in the management of national reserve sugar and national reserve meat. It has independent legal personality and its financial relationship is subordinate to the central finance. National sugar reserve and national meat reserve are important strategic materials for the country to respond to sudden disasters and stabilize the market, and implement macro-control. The State Council has the right to dispatch and use them.
The general office of the CPC Central Committee and the general office of the State Council recently issued the notice on doing a good job during the Spring Festival on New Years Day 2020, which will fully implement the mayors responsibility system of vegetable basket, do a solid job in the production of pork and other important agricultural products, ensure the supply and price stability, effectively guarantee the demand of urban and rural residents for vegetable basket products, and pay attention to prevent the price linkage.
Meng Wei, spokesman of the national development and Reform Commission, said at a press conference that during the two festivals period, the central frozen pork reserve will be increased at the right time according to the changes of market situation. Some localities have also formulated plans for the release of local reserves, which will be increased in time according to market conditions during the two festivals.
It is noteworthy that the Tariff Commission of the State Council announced that China will temporarily reduce the import tariff of frozen pork from 12% to 8% from January 1, 2020.