Regulations on the Administration of Central Grain Reserves (2016).

These Regulations are enacted with a view to strengthening the administration of central grain reserves, securing the true quantity, good quality and safe storage of central grain reserves, protecting the rights and interests of peasants, maintaining market stability, and giving into full play the role of central grain reserves in the national macro-control mechanism. The Regulations consist of 60 Articles divided into 7 Chapters: General Provisions (I); Planning of Central Grain Reserves (II); Reservation of Central Grain Reserves (III); Use of Central Grain Reserves (IV); Supervision and Administration (V); Legal Liability (VI); Supplementary Provisions (VII).
The central grain reserves as mentioned in the present Regulations refer to the grain and edible oil that are reserved by the Central Government for such purposes as regulating the aggregate supply and demand of grain nationwide, stabilizing the grain market, and preparing against serious natural disasters or other emergencies. The Regulations provide that the State shall implement a vertical management system of central grain reserves. The grain administration department of the state shall take charge of the administration of central grain reserves as well as the supervision and inspections over the quantity, quality and storage safety of such reserves. The relevant national competent authorities should, in light of the macro-control needs and financial capacity of the State, propose a program on the storage scale, types and overall distribution of central grain reserves, which is subject to the approval of the State Council. The China Grain Reserve Management Corporation shall take charge of the specific operation and management of central grain reserves, and be responsible for the quantity, quality and storage safety of such reserves. The storage of central grain reserve may be entrusted to other competent enterprises. Article 19 provides for the conditions to be satisfied by the enterprise entrusted with the storage of central grain reserve.