Founded in 1949, COFCO has grown from a company that was solely engaged in grain and oil export and import into a huge international food dealer that has combined agricultural products trading, logistics, processing and grain and oil product manufacturing and selling together after more than 6 decades of development. It now provides nearly a quarter of the world’s population with grain and oil. The report of the 19th National Congress of the CPC claimed that “it plans to further the reform of its state-owned enterprises, develop mixed-ownership economy and create world-class enterprises with global competitiveness”. From Jan to Nov 2017, COFCO made a total profit of 9.8 billion yuan and accomplished a year-on-year growth of 78%. It’s expected that its full-year profit will be more than 10 billion, which sets a new high for COFCO and lays the foundation for further creating a world-class food dealer.