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Chinese Vice Premier and Russian Deputy Prime Minister Visit COFCO Booth at China Overseas Investment Fair Release Time : 2016-10-28

On October 20, Chinese Vice Premier and Russian Prime Minister Yury Trutnev, also presidential envoy to Russia's Far Eastern Federal District, both of whom jointly attended the opening ceremony of the 1st International Industrial Capacity Cooperation Forum and the 8th China Overseas Investment Fair held in Beijing Exhibition Center, visited COFCO booth accompanied by COFCO chairman Zhao Shuanglian and vice president Chi Jingtao.  

Chinese Vice Premier and his Russian counterpart were briefed on COFCO’s fully-integrated value chain and its development program for the “13th Five-Year Plan” and sampled COFCO’s quality products. Vice Premier Wang Yang specially presented a thin pancake shaped like the Chinese character Fu (literally meaning auspiciousness), which best epitomizes China's time-honored culture and embodies COFCO’s concept of happiness brought about by Fu, to Russian Prime Minister as a token of best wishes for bilateral ties.

After listening to the reports from chairman Zhao Shuanglian and vice president Chi Jingtao, Vice Premier Wang Yang acknowledged COFCO’s achievements in internationalization over recent years of rapid growth and expected COFCO Corporation to continue to play a leading role in serving the national grain security strategy and food safety strategy. At the fair, Vice Premier Wang Yang also clicked into two websites “liangdawang.com” and “womai.com”, both of which are online trading platforms operated by COFCO.

With the theme of “capacity cooperation to achieve growth and win-win”, the Forum aims to carry out the plans of the Party Central Committee and the State Council and further promote the construction of the “Belt and Road” and international capacity cooperation so as to enable Chinese companies to expand their footprints in key countries along the “Belt and Road”. On behalf of COFCO Corporation, vice president Chi Jingtao delivered a speech at the Forum, noting that the “13th Five Year” is a phase for determining the final victory in comprehensively building a well-off society as well as a key period for COFCO’s reform, development, transformation and upgrade. As an active participant and beneficiary of the “Belt and Road”initiative, COFCO Corporation now conducts agri-products trade with 54 countries along the “Belt and Road” with an accumulated trade volume of over US$5 billion and a total business volume of 12.2 million tons of agro grains. In particular, COFCO has been well positioned with a sound foundation since its takeover of Noble Agri and Nideraover the past few years to implement its strategy of building a major international grain trader and its continuous enhancement of investment and cooperation in countries and regions along the “Belt and Road”. In the future, COFCOwill push ahead with key projects along the northern line of the Far East and the Black Sea, the middle line of Central Asian region and the southern line of Southeast Asian regions so as to promote win-win development.

The Fair is organized by China Overseas Development Association and sponsored by entities including COFCO Corporation. COFCOindustry senior general manager Gu Lifeng, China Foods deputy general manager Chen Gang, and assistant toCOFCO Trading general manager Jiang Zaifeng also attend the fair.

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