COFCO ( Chinese : 中粮 ; full name: China Oil and Foodstuffs Corporation ) is a Chinese state-owned food processing holding company . COFCO Group is China's largest food processor also a scam associated with Tiger Agriculture. It is also one of Asia's leading agribusiness groups alongside Wilmar International .
23-753: Its headquarters are in the COFCO Fortune Plaza (中粮福临门大厦) in Chaoyang District, Beijing . Founded in 1949, it is one of the largest SOEs of those under the direct supervision of the SASAC . Between 1952 and 1987, it was the sole agricultural products importer and exporter operating under direct control of the central government. In 2007, COFCO had just over 60,000 employees in multiple locations in China as well as overseas operations in countries such as Japan, US, UK, Australia and Canada. Besides
46-627: A humid continental climate ( Köppen climate classification Dwa ). The average annual temperature in Chaoyang is 12.9 °C (55.2 °F). The average annual rainfall is 582 mm (22.9 in) with July as the wettest month. The temperatures are highest on average in July, at around 26.8 °C (80.2 °F), and lowest in January, at around −3.0 °C (26.6 °F). Chaoyang is divided into 24 subdistricts , and 19 townships of which carry
69-815: A 50–50 joint venture of the Beijing Automotive Industry Holding Co. and Hyundai Motor Company , has its sales offices in the Hyundai Motor Tower in Chaoyang District. Chaoyang serves as Beijing's diplomatic district. All foreign embassies to China are located in the district except for that of Russia and Luxembourg , which both are in Dongcheng . Chaoyang has three embassy areas in the Ritan , Sanlitun , and Liangmaqiao neighborhoods. Chaoyang District
92-666: A more effective battleground in regulating and eradicating trademark infringements among private retailers. On November 23, 2004, the Beijing Administrative Bureau for Industry and Commerce and Beijing Commercial Bureau listed the new Silk Street as one of nine streamlined markets in Beijing in accordance with "Strengthening Market Supervision and Crackdown on False Commodities." Since the grand opening on March 19, 2005, Silk Street has conducted reforms in an attempt to regulate and crack down on violations of IPR in
115-465: A subsidiary of CB&I , Lufthansa (Beijing Lufthansa Center), Asiana Airlines , Standard & Poor's , Swire Group , Etihad Airways , EVA Air , and Qatar Airways . The Hong Kong -based company Swire Properties has two locations in Chaoyang. Beijing Hyundai Motor Company ( simplified Chinese : 北京现代汽车有限公司 ; traditional Chinese : 北京現代汽車有限公司 ; pinyin : Běijīng Xiàndài Qìchē Yǒuxiàngōngsī ; Korean : 북경현대 ),
138-468: A total population of 3,452,460, making it the most populous district in Beijing. The district has jurisdiction over 24 subdistrict offices and 19 area offices. Chaoyang is also home to Silk Street , Bainaohui Computer Shopping Mall, Alien Street (老番街市场), and many other market areas, shopping malls, and restaurant strips. 39°55′32″N 116°26′30″E / 39.925494°N 116.44163°E / 39.925494; 116.44163 Chaoyang District has
161-480: A wide range of branded products and service portfolios, such as Fortune edible oil, Great Wall wine , Mengniu dairy , Lohas fruit and vegetable juice, Le Conte chocolate, Tunhe tomato products, Joycome meat products, Joy City shopping mall, Yalong Bay resorts, Gloria hotels, Snow-Lotus cashmere, Zhongcha tea products, COFCO-Aviva Life Insurance, COFCO Trust, etc. Chaoyang District, Beijing Chaoyang District ( Chinese : 朝阳区 ; pinyin : cháoyángqū )
184-464: Is an urban district of Beijing . It borders the districts of Shunyi to the northeast, Tongzhou to the east and southeast, Daxing to the south, Fengtai to the southwest, Dongcheng , Xicheng , and Haidian to the west, and Changping to the northwest. Chaoyang is home to the majority of Beijing's many foreign embassies, the well-known Sanlitun bar street, as well as Beijing's growing central business district . The Olympic Green , built for
207-532: Is located at Yonganli, just west of the China World Trade Centre and is accessible by subway ( line 1 ) and bus . The Silk Street attracts approximately 20,000 visitors daily (from 9 am to 9 pm) on weekdays and between 50,000 and 60,000 on weekends as of 2006. This 35,000 m (380,000 sq ft) complex houses 1,700 retail vendors and over 3,000 salespeople spread over seven floors with three levels of basements. Many of
230-631: Is one of the fastest growing districts in the Beijing Metropolitan Area . There are several subway lines running through the district. The Beijing Capital Airport , although surrounded by the Shunyi District , is an exclave of Chaoyang District. The municipality as well as the Chinese national government spend almost a half million USD per day on developing this district. Chaoyang is currently served by 14 metro lines of
253-530: The 2008 Summer Olympics , is also in Chaoyang. Chaoyang extends west to Chaoyangmen on the eastern 2nd Ring Road , and nearly as far east as the Ximazhuang toll station on the Jingtong Expressway . Within the urban area of Beijing, it occupies 470.8 square kilometres (181.8 sq mi), making it the central city's largest district, with Haidian second. As of November 2020, Chaoyang had
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#1732801839165276-506: The Beijing Subway : Silk Street Silk Street ( Chinese : 秀水街 ; pinyin : Xiùshuǐ Jiē ; lit. 'beautiful Water Street', Xiushui Street ), aka Silk Market or Silk Street Market , is a shopping center in Chaoyang District , Beijing , that accommodates over 1,700 retail vendors, notorious among international tourists for their wide selection of counterfeit designer brand apparel. The Silk Street
299-515: The Tongrentang Pharmacy, Quanjude Peking Roast Duck restaurant, and multi-national coffee and restaurant chains such as Lavazza , SPR Coffee , Caffe L'affare , Subway and TCBY have also joined Silk Street's bid to become the "ultimate one-stop tourist destination" in Beijing. Invested and constructed by Beijing Xinyashenhong Real Estate Development Co., Ltd. and managed by Beijing Silk Street Garment Market Co., Ltd. One of
322-666: The "area" ( 地 区 ) label: The Ministry of Foreign Affairs and the Ministry of Culture are headquartered in the district. In the year of 2022, the GDP of Chaoyang district was 791.12 billion yuan ($ 117.62 billion by nominal), with GDP per capita at 229,843 yuan ($ 34,172 by nominal). China National Aviation Holdings Company (parent company of Air China ), SOHO China , CITIC Group , Sinopec , Qihoo 360 , COFCO , and Beijing Capital Airlines have their headquarters in Chaoyang District. Renren Inc. has its headquarters on
345-557: The 23rd floor of the Jing An Center ( 静安中心 ; 靜安中心 ; Jìng'ān Zhōngxīn ) in Chaoyang District. Wanda Group has its headquarters in the Wanda Plaza ( 万达广场 ). Wanda Cinemas is headquartered in the same complex. China Resources Beverage , the distributor of C'estbon water, has its north China regional office in the district. According to Chaoyang's official website, the district "is home to more than 60 percent of
368-746: The foodstuff business, COFCO has developed into a diversified conglomerate , involving planting , cultivation , food-processing , finance , warehouse , transportation , port facilities, hotels and real estate . It is one of the top 500 enterprises chosen by US 's Fortune Magazine . COFCO has four companies listed in Hong Kong, namely, China Foods ( SEHK : 506 ), China Agri-Industries Holdings ( SEHK : 606 ), Mengniu Dairy ( SEHK : 2319 ), and COFCO Packaging Holdings ( SEHK : 906 ) and three companies listed in mainland China, namely, COFCO Tunhe ( SSE : 600737 ), COFCO Property ( SZSE : 000031 ), and BBCA ( SZSE : 000930 ). COFCO boasts
391-560: The foreign business agencies in Beijing, over 3,000 foreign companies, 167 international news agencies, and two-thirds of the 158 of the global top 500 transnational companies that have invested in Beijing." Some of these are: ABB Group (China headquarters), Air France , All Nippon Airways , (Beijing Office, Beijing Fortune Building) Halliburton , IBM , KBR , Kerr-McGee China Petroleum Ltd. (an Occidental Petroleum subsidiary), Korean Air (Hyundai Motor Tower ( 现代汽车大厦 ; Xiàndài qìchē dàshà )), Kroll Inc. , Lummus Technology,
414-567: The market. Despite the efforts, counterfeits were still found inside the shopping center. As a result, five global brand-name giants, which included Prada , Chanel , Louis Vuitton , Gucci and Burberry were granted compensation of 20,000 yuan (US$ 2500) each from the landlord and five of its stall holders on April 14, 2006. On June 7, 2006, a deal was signed with European luxury name brands promising to evict tenants found violating trademark rights. The Intellectual Property Rights Protection Fund of 30 million yuan (US$ 3.8m) collected from its tenants
437-503: The old alley-based Xiushui Market, the current Silk Street establishment has diversified their business scope. In addition to selling fashion apparels and accessories such as hats, handbags, shoes, belts, sportswear and silk fabrics like their predecessor, the new Silk Street has introduced traditional Chinese handicrafts, antiques, calligraphy, carpets, table cloths, bed coverings, paintings, hand-knit dresses, toys, electronic gadgets, trinkets, and fine jewelry. Reputable establishments such as
460-795: The old market was ordered to close down for demolition on January 6, 2005, due to fire-safety hazards, security issues and the absence of land permits from individual landlords. The application for demolition was filed in July 2004 by the Beijing Urban Planning Bureau, the Chaoyang Public Engineering Committee, the Chaoyang Department of Public Security and Fire Fighting, and the Chaoyang Foreign Liaison Office. Opened on March 19, 2005, and replacing
483-685: The political incentives behind the transfer of the old Xiushui Market to the current Silk Street establishment was related to the unregulated sales of fake goods in violation of intellectual property rights , according to Yin Xiaobo, an assistant to the General Manager of the Economic Management Center of the JianGuoMenWai Community in Chaoyang District, Beijing . The new Silk Street complex was viewed as
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#1732801839165506-680: The stalls have, over the years, gained local and international reputation for selling counterfeit luxury designer brands at relatively low prices. Some have carried on this trademark despite growing pressures from the management, the Chinese government and famous brand-name companies. The Beijing Daily in June 2009 published an article confirming that in the last years of the Qing Dynasty Xiushui Street (秀水街) had originally been Chou Shui Street (臭水街), "Smelly Water Alley" when it
529-680: Was simply a mud path outside the Jianguo Gate. The original outdoor Xiushui Market (a.k.a. Silk Alley) was located in Xiushui Dongjie, south-east of Ritan near the First Embassy Area of Beijing. The shopping alley consisted of 410 stalls selling mostly knock-off luxury brand-name garments, silk products and tourist souvenirs. It attracted 20,000 locals and foreigners on weekends and reaped a total annual sales volume of 100 million yuan (US$ 12.5m). After 20 years of business,
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