Lv Jun noted that as a pioneer in Chinese agriculture to “go abroad” COFCO has continuously reinforced its political responsibility of securing grain supply for China, always adhered to agricultural supply-side structural reform as the central theme, enhanced the quality of opening-up to the outside world, advocated fair competition, mutual benefit and win-win, opposed unilateralism and trade protectionism, consistently maintained bottom-line thinking, made progress while ensuring stability, taken precaution to prevent and resolve major risks, and actively guided healthy growth of world grains trade.
At present in global grains industry, COFCO Corporation ranks first in terms of assets and second in terms of operating income with sufficient strength that can put it on an equal footing with major international grain traders. COFCO Corporation is speeding up its expansion in major grain production regions such as Americas, Central Asia, and the Black Sea, emerging production regions, and key logistics nodes and stepping up strategic investments in ports, warehouses, logistics, and processing facilities in order to build mutually-beneficial, win-win and long-term stable multi-layered international grain production and marketing cooperative relationship through various means such as agricultural services, storage, transportation and processing, and trade and procurement. By guiding countries along the “Belt and Road” and neighboring grain production countries to accelerate cultivation of farmland, enlarge area under cultivation, adjust crop structure, enhance production technology, increase total supply capacity, and expand mutual benefits and win-win, COFCO Corporation is expected to strike a balance between supply and demand on an even higher level and create a more diverse import scenario.Meanwhile, COFCO Corporation has actively promoted the development of agricultural, grain and food industries, taken the initiative to push for international cooperation at a more profound level, boosted the production capacity of global agricultural and grain industries, and joined hands with other parties to achieve healthy and sustainable development. During this Davos Forum, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and the World Economic Forum co-sponsored the first exchange meeting for Chinese and foreign enterprises to advance further and deeper exchange and cooperation between Chinese and foreign enterprises and jointly seize opportunities brought about by the fourth Industrial Revolution and Globalization 4.0. COFCO Corporation’s Great Wall wine and China Tea, which made their debut at the exchange meeting between Chinese and foreign enterprises, were served and well-received by honored guests. COFCO Corporation’s Mengniu Dairy, which established strategic partnership with Davos Forum, also attended the Forum as a representative of China’s dairy industry.
The theme of this year’s Davos Forum is “Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution”. Over 3,000 political, business, and cultural leaders from over 100 countries in the world attended the annual meeting. As a top gathering of global political and business elites, Davos Forum is also known as “Economic United Nations” and “vane of the world economy”.
