Breaking News-RTRS-China's 2010 budget reins in stockpiling largesse

BEIJING, March 5 (Reuters) - China's 2010 budget has watered down last year's specific commitment to earmark funds to build commodity reserves, replacing it with a smaller sum allocated to funding the "interest and costs" associated with stockpiling.
A year ago, the 2009 budget unleashed government spending that supported not only Chinese firms but also producers overseas, who found in China a life-saving replacement for their own markets, which had all but collapsed in the global financial crisis.