Growing Pains for a National Grain Reserve

By staff intern reporter Zhang Yanling

( Magazine) A dramatic sign at a new rice processing complex, impossible for motorists to miss while traveling the Beijing-Harbin Expressway, mirrors a bold business move by China's largest state-owned grain buying and storage concern -- China Grain Reserves Corp., better known as Sinograin.

State-owned Sinograin recently bought Sanhe Rice as part of a plan to expand its grain business in northeastern China and win not only the largest market share in the region but in Beijing, Tianjin and much of the rest of the country as well.