Established on August 8, 1981, China Communications Import and Export Corporation (CIESCO) is a trading company operating mainly in the transportation sector. CIESCO used to be a state-owned company directly under the Ministry of Communications, China. It was merged with China Merchants Group in 1998 as its wholly owned member specializing in international trade. CIESCO’s business scope mainly includes: new shipbuilding and ship brokerage; ship repair and ship chartering; import and export of transportation vehicles, mechanical and electrical machinery and equipment, spare parts, instrument and technology, etc; and suppliers for projects financed with foreign loans. As an ISO9002 certified company, CIESCO’s strength lies in its extensive business channels, strong trading, commercial and financing capabilities, qualified professional staff, and efficient operation management systems. For 20 years, CIESCO has oriented itself to the needs of the transportation market and has been committed to the realization of the corporate mission, i.e. ”providing first-class and value-added service to the satisfaction of customers”. It is now one of the most important trading firms in China and has ranked among China’s Top 500 Foreign Trade Enterprises for years running.