The State Reserve Bureau also known as State Bureau of Material Reserve was part of the National Development and Reform Commission of the government of

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

. The bureau was responsible for managing

strategic material Strategic material is any sort of raw material that is important to an individual's or organization's strategic plan and supply chain management. Lack of supply of strategic materials may leave an organization or government vulnerable to disru ...

reserves such as copper, iron, etc. and managing funds, assets, infrastructure, etc. It also manages trading in material reserves such as metals. The bureau gained attention within the press in 2005 when a rogue trader vanished for some time as part of the

State Reserves Bureau copper scandal The State Reserves Bureau copper scandal refers to a loss of approximately US$150 million as a result of trading LME Copper futures contracts at the London Metal Exchange (LME) by rogue trader Liu Qibing, who was the chief trader for the Import an ...

.Forbes Magazin

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References

{{Reflist

External links

* Official websit

Economic development in China Investment promotion agencies National Development and Reform Commission