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Reserves, State

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Reserves, State 

reserves of key raw and processed materials, fuel, certain machinery and equipment, food commodities, and products, stockpiled by the state for defense needs. In the USSR, national economic plans make provision for state reserves to ensure the uninterrupted functioning of the economy, to overcome partial disproportions that may occur in the course of economic development, and to bolster the country’s defense capability. State reserves constitute a special centralized state resource that is replaced and supplemented according to plan. State reserves are used only in exceptional cases and in accordance with special decrees and decisions of the Council of Ministers of the USSR.



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Byline: BEIJING: China has selected Caofeidian, in northern Hebei province, and Wanzhou, in southwestern Chongqing municipality, as bases for its second phase of strategic oil storage reserves, state media said, citing an unnamed energy official.
This large but manageable capital program is planned to be financed with cash reserves, state loans, and additional revenue bond offerings.
 
 
 
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