
Bali with blue sea and blue sky. The four protagonists smiled and gave thumbs up in front of the camera.
Recently, a photo with a very island style was circulated online. Who is the protagonist in the photo? Why did they gather? Why like it?
On November 16, the 17th Summit of the 2022 G20 (G20) leaders successfully concluded in Bali, Indonesia. And the residual heat from this sunny island continues...
(I)
The four protagonists in this photo are of great origin and have many common ground. The biggest common point between them is that they are all entrepreneurs from Zhejiang.
photos from left to right are the chairman of Xinfengming Holdings Group Zhuang Kuilong , Zhenshi Holdings Group Chairman of the Board Zhang Yuqiang , Tongkun Holdings Group Chen Shiliang , Zhejiang Huayou Cobalt Industry Co., Ltd. Chairman of Chen Xuehua .

Xinfengming Holdings Group is an enterprise integrating PTA, polyester, spinning, bulletin and import and export trade. It focuses on the civil polyester fiber field, and has been among the "Top 500 Private Enterprises in China" and "Top 100 Enterprises in Zhejiang Province" for many years.
Zhenshi Holdings Group, which is also the "Top 500 Private Enterprises in China", is the first batch of pilot enterprises in Zhejiang to shareholding reform. It has now formed multiple industrial sectors such as special steel , nickel and iron manufacturing, mineral resources, wind power substrates, composite new materials, etc.
, and Tongkun Holding Group spans many fields such as petroleum refining, PTA, polyester, polyester filaments, new materials, etc., and has achieved a complete industrial chain from "one drop of oil" to "one piece of cloth". The capacity and output of polyester Filaments ranks first in the world.

Zhejiang Huayou Cobalt Industry Co., Ltd. is a high-tech enterprise engaged in the research and development and manufacturing of new energy lithium battery materials and cobalt new materials, and is committed to becoming a global leader in new energy lithium battery materials.
They were jointly invited to attend the 2022 G20 Business Summit (B20). The theme of this B20 summit is "Promoting the Growth of Innovation, Inclusion and Cooperation". Several G20 member leaders and nearly 1,000 representatives of business leaders around the world launched a "brain storm" to jointly seek strategies for world economic growth.

Meet an old friend in a foreign land. During the G20 summit, in an inconspicuous room in Bali, four heads of Zhejiang enterprises sat together to talk about business operations and industry development, and analyze economic situation and social changes. "It's rare to get together in a foreign country." Zhang Yuqiang, chairman of Zhenshi Holdings Group, was quite moved.
Yongjinjun learned that Chinese-funded enterprises received the "invitation letter" at this G20 summit, including Xiang Guangda, Chairman of Qingshan Industrial Board, Li Changdong, Chairman of Guangdong Bangpu Circulation Technology Co., Ltd., and Ding Liguo, Chairman of Delong Iron and Steel Group.
(II)
Chinese-funded enterprises that received the "invitation letter" of this G20 Summit cover many industries such as new energy, non-ferrous metals , petrochemicals, biomedicine, communications, and bank fund insurance. A large part of the reason for being invited is inseparable from the company's "big deal" in Indonesia.

In fact, China and Indonesia have been connected for a long time. Thousands of years ago, the ancient Maritime Silk Road closely connected the two countries; thousand years later, when the 21st century Maritime Silk Road set sail, it was highly consistent with the national development strategy of "Global Marine Plough" proposed by Indonesia .
data shows that China has become Indonesia's largest trading partner, import source country and export market for many years, and has become Indonesia's second largest source of investment. Last year, the bilateral trade volume between China and Indonesia exceeded US$120 billion, and increased by 58.6% year-on-year.
The "four giants" in Tongxiang, Zhejiang, who were invited to attend the conference, also set their sights on Indonesia early on -

In 2010, Zhenshi Holdings Group began to invest in nickel ore in Gebe Island, Zhonghamahela County, North Malugu Province, Indonesia, becoming the first Chinese company in Indonesia to have both nickel ore resources and a nickel iron smelter.This year, the Indonesian Shuoshi Ni-Iron Project of Zhenshi Holdings Group, with a total investment of US$1.8 billion, continues to strengthen and consolidate the upstream industrial chain of the enterprise's "laterite-iron-nickel-iron-stainless steel";
In March 2020, the construction of the Huayue project, with a total investment of US$1.28 billion in Indonesia, started construction. The production scale is 60,000 tons of nickel metal and 7,800 tons of cobalt metal. It is the world's largest laterite nickel ore wet smelting project;

In this meeting with Indonesian President Joko , Chen Shiliang, chairman of Tongkun Holdings Group, who was the speaker, emphasized the determination of the two companies to plan to build the Green Industrial Park in North Kalimantan...
and such increase is still continuing. On November 13, Huayou Cobalt Industry and Vale Indonesia signed a definite cooperation agreement to process nickel ore from the Pomalaa mining area of Koraka County, Southeast Sulawesi Province, and continue to lay out nickel resources.
(III)
"Co-recovery and strong recovery", the theme of this G20 summit reflects the general vision of countries to get out of the epidemic crisis and move towards economic recovery. Since the beginning of this year, global epidemics have been on the rise and logistics have been blocked. In addition, unfavorable factors such as dual energy control and conflict between Russia and Ukraine have been superimposed, and global economy is facing huge challenges. How does

move towards recovery?
President Xi Jinping’s speech at the first phase of the 17th G20 Leaders’ Summit mentioned that all countries should respect each other, seek common ground while reserving differences, live peacefully, and promote the construction of an open world economy, and should not harm neighbors, build a "small courtyard and high walls" and build a closed and exclusive "small circle".
builds an open world economy, and companies connecting the world are the best adhesives.

As Chen Xuehua once said at the 2020 work conference, "Due to project reasons, I have been to Indonesia many times. Every time I stand by the sea, look at the boundless sea and blue sky, put the company's vision and goals in the context of the Belt and Road Initiative, and put it in a wider world to think and imagine, I will feel the excitement of 'the sea is wide and the fish leap, and the sky is high and the birds can fly'."
More than ten days ago, the China Jushi International Fiberglass Annual Conference held in Tongxiang, Zhejiang set the theme of the annual meeting as "We are together". The simple and affectionate five words coincide with the theme of this G20 summit.

economical connection has its own logic.
Even though we are facing multiple risks and challenges such as anti-globalization and the COVID-19 pandemic, the economic connection will become stronger and stronger after the test.
For powerful Zhejiang companies, at this moment, accelerating global layout, taking a group to enhance their ability to mobilize global resources should be faster rather than slowed down.