COFCO commits to Belt and Road Initiative

Agribusiness firms should be pioneers in agriculture modernization

The head of China National Cereals, Oils and Foodstuffs Corp, the country's largest food trader, has committed to deploying resources and manpower along the Belt and Road Initiative routes over the next five years to help guarantee China's food supply at home and to its key markets overseas.

The Silk Road Economic Belt and the 21st Century Maritime Silk Road initiatives were put forward by President Xi Jinping in 2013, with the purpose of rejuvenating the two ancient trading routes and further opening up the markets.