In August 2019, we asked the question: 

Does China believe that we are on the verge of a major global crisis? The communist Chinese government has always been very big into planning, and it appears that they have decided that now is the time to hoard food, gold and other commodities.

Fast forward today, the answer is most likely "yes." China maintains "historically high levels" of beans and grains stockpiled at COFCO Group's (a major Chinese state-owned food processor) 310 storage facilities in the northeastern part of the country, according to Nikkei Asia. 

Qin Yuyun, head of grain reserves at the National Food and Strategic Reserves Administration, told reporters last month, "our wheat stockpiles can meet the demand for one and a half years. There is no problem whatsoever about the supply of food."

Data from the U.S. Department of Agriculture shows China has approximately 69% of the globe's maize reserves in the first half of the crop year 2022, 60% of its rice, and 51% of its wheat.