China seems to be on a “hoarding spree,” stockpiling strategic commodities from chips to minerals to grains to cotton. In its global purchases, the United States has been one of its largest suppliers.
Beijing has been hoarding chips. Industry experts believe China’s nationwide hoarding played a role in the global chip shortage. In fact, China’s State Administration for Market Regulation launched a probe into hoarding and other speculative practices in August 2021, as the regime found that it had disrupted its own market.
