On May 29th, Zhejiang held the "No.1 Open Project" conference to enhance and upgrade the "Sweet Potato Economy" in the province, affirming the development of the "Sweet Potato Economy" in the province and sounding the horn for the next stage of development of the "Sweet Potato Economy". As an excellent representative of the "Sweet Potato Economy" and "going global", Zhenshi Holdings Group was "named" by provincial-level platform media such as China Blue News.
　　The vines of sweet potatoes extend in all directions, but the roots are still on this soil. Looking across the province, Zhejiang will promote the "great development" of Open economy by strengthening the "sweet potato tuber". In this context, Zhejiang enterprises must "jump out of Zhejiang to develop Zhejiang" and engage in in-depth practice on the "sweet potato economy" to achieve "lush branches and leaves, deep roots".
　　Open development is a clear symbol of Zhejiang's economy and a vivid annotation of Zhenshi's internationalization. In 2010, Zhenshi, as an industrial group mainly focused on the manufacturing of basic materials, launched an international journey of "crossing mountains and seas, moving mountains and seas" in Indonesia in order to search for rich nickel ore resources and promote the extension of the stainless steel industry chain to the top. It also extended the "sweet potato and vine man" to Indonesia. Taking this as a starting point, Zhenshi has always adhered to the development concept of "going out bravely, going down firmly and coming back successfully", vigorously promoted the internationalization process, actively implemented the national "the Belt and Road" initiative, successively invested and built factories in Indonesia, Egypt and Türkiye, built a "sweet potato economy" with Zhenshi characteristics, and realized the enterprise led industrial chain supply chain system Upgrading the comprehensive strength of domestic and foreign trade.
　　Sweet potato vines extend in all directions, and resources are an important nutrient for vine extension. Over the past decade, Zhenshi has been rooted in Indonesia and has successively invested in the construction of FBLN nickel iron smelting project, Yashi RKEF large-scale nickel iron smelting project, and Zhenshi Indonesia 2201&2202 project, continuously consolidating the strategic reserve of nickel resources, connecting the entire industrial chain layout from "overseas development of laterite mineral resources, to overseas intermediate nickel iron manufacturing, and then to domestic stainless steel", and building a large nickel industry cluster from laterite nickel ore to nickel intermediate products, stainless steel, and other products, Further enhance the independent competitiveness of the stainless steel business segment, and sing the praises of Zhejiang business enterprises in the "the Belt and Road" construction.

Expanding overseas markets and radiating outward can strengthen the vine of the "sweet potato economy". In order to seize the opportunity of the global wind power market, Zhenshi has implemented the concept of "building the market first, building the factory later, providing internal and external supply", and built the global capacity layout of several production bases, such as Tongxiang, Zhejiang, Xinyang, Henan, Ulanchap, Inner Mongolia, Jiuquan, Gansu, Suez, Egypt, and Tekirdağ, Türkiye. With the continuous improvement of customer support capability, the overseas market share has jumped significantly, and the global capacity has exceeded 500000 tons, The global market share has exceeded 35%, achieving rapid growth in both the market and resources.

We need to go out at a high level and also bring in high-quality products to make the rhizomes of sweet potatoes more robust. Zhenshi has driven "introduction" through "going out", extended and expanded the industrial chain, value chain, and supply chain. While carrying out resource development and market exploration overseas, it has also returned some overseas profits to China for investment and established Zhenshi Huafeng (Zhejiang) Carbon Fiber Materials Co., Ltd. As a key project for Zhenshi to consolidate its position in the wind power extrusion board industry, the Huafeng project has specialized in the development and production of high-performance composite materials, and has been successfully selected for the promotion plan of major foreign investment projects in Zhejiang Province. The project started construction in February 2022 and has been put into operation in just 14 months, achieving 'from scratch'.

Sulawesi, nearly 4000 kilometers away from Zhejiang, is the location of Zhenshi Indonesia Huabao Industrial Park Project. Since March 2022, the construction of the Zhenshi Indonesia Huabao Industrial Park project, which covers an area of approximately 20000 hectares, has been fully launched. A ship of Zhenshi's supplies has sailed across the ocean and arrived in Indonesia. The project construction is magnificent and changing with each passing day. The campsite command center, mixing station, gravel line, brick factory, and temporary dock have been built and put into operation. The machine repair workshop and warehouse have been put into use, and the nickel iron dock has been orderly promoted. At present, more than 6000 employees are fully engaged in the construction, striving to advance towards the expected goal of putting into production by the end of 2023, and are committed to building a national nickel resource comprehensive utilization industrial park recognized by China and Indonesia, a high-quality development demonstration zone for "the Belt and Road" international production capacity cooperation, Indonesia's national strategic project and Indonesia's national duty-free zone.

Let the vines of enterprises spread globally, but the roots of "sweet potatoes" always take root in Zhejiang. Although it is invested in Indonesia and overseas, it actually drives the domestic economy. Investing 100 yuan in Indonesia, about 70 to 80 yuan, is purchased from within the country, which is also a great boost to the domestic economy. Bravely go out, firmly go forward, and next we need to consider how to come back healthy. According to the concept of the sweet potato economy, so that our profits from overseas can feed back the Chinese and Zhejiang economies Yin Hang, Director of Group Strategic Investment, stated.

2023 marks the beginning of the comprehensive implementation of the spirit of the 20th National Congress of the Communist Party of China and the 20th anniversary of the implementation of the "August 8th Strategy". Zhenshi will continue to respond to and implement the national "going out" strategy and the "the Belt and Road" initiative, adhere to the international development concept of "investment outside, resources outside, returns inside, and self-development", extend the industrial chain vines further, strengthen the foundation of sweet potato, fully promote the upgrading of the industrial chain supply chain system, use foreign advantageous resources to serve the domestic economic development, and accelerate the layout of the global market, Better promote the economic development of Zhejiang.