With stores all over the country and an annual output value exceeding 11 billion yuan, how did Shengzhou snacks become famous nationwide? How did Hailiang Co., Ltd. become a global benchmark in the copper processing industry?
Despite being two industries with little connection, the growth logic of them is very similar—the practice of the “Sweet Potato Economy” in Shaoxing.
The essence of the “Sweet Potato Economy” is to build an open economic system, the upgrading process of which is the core in Shaoxing’s opening and upgrading.
This year, “opening and upgrading” was written into the government work report for the first time.
Recently, “Two Sessions (The National People’s Conference and The Chinese People’s Political Consultative Conference)” of Shaoxing were successfully held. Both inside and outside the venue, representatives from all walks of life used examples around them to share good stories and advice of open development, in order to provide wise suggestions and practical strategies for promoting “opening and upgrading”.
Make Suggestions for Opening and Upgrading
Focusing on Competitiveness and Building New Open Platforms.
Wu Yan, a member of the Municipal Committee of the Chinese People’s Political Consultative Conference and Director of the Economic Operations Division of the Shaoxing Municipal Bureau of Economy & Information Technology, stated that Shaoxing is currently making efforts to promote the “4151 Plan”. An important task of it is to cultivate a group of leading enterprises with industrial leadership and international influence.
It is necessary to cultivate new platforms for open development, help enterprises explore global customer resources, find development opportunities, and enhance their international competitiveness.
Building a New Paradigm of Opening up in Window Period.
Feng Luming, a member of the Municipal Committee of the Chinese People's Political Consultative Conference and General Manager of Hailiang Co., Ltd., holds that the economic cycle gap between China and the world provides significant opportunities for enterprises to “go global”. From the perspective of foreign trade enterprises, it is important to expand opening up and stabilize foreign trade in this period, which will create the best timing and entry point for enterprises to cultivate new momentum and promote global resource allocation with the advantages of China’s large market.
Currently, Hailiang has 21 bases worldwide and will deeply participate in global industrial division and cooperation, building a new paradigm of opening up, and expanding development space from exporting goods to overseas investment.
Actively Building a New Paradigm of Opening up
As an international enterprise, Hailiang not only actively provides suggestions but also sets an example in action.
On February 27, 2023, the 5th meeting of the 8th board of directors of Hailiang approved the proposal for the project of producing 100,000-ton high-performance electrolytic copper foil annually in Indonesia.
Hailiang will jointly invest with its wholly-owned subsidiary, Hong Kong Hailiang Holdings Co., Ltd., to establish a holding subsidiary in Indonesia named Indonesia Hailiang New Material Co. LTD. (hereinafter referred to as “Indonesian company”), which will be responsible for the construction and operation of the 100,000-ton high-performance electrolytic copper foil project in Indonesia (hereinafter referred to as “Indonesian project”).
Recently, Indonesian company has completed its registration and obtained a business registration certificate issued by the local government.
On March 29, Indonesian company signed a binding agreement on land sales in the Jawah Integrated Industrial and Port Estate (JIIPE). The company will purchase 196,000-square-meter land in K3 plot, JIIPE, Sidoarjo Regency, East Java Province, Indonesia for the construction of the Indonesian project.
On the same day, Indonesian company signed a land confirmation letter.
Hailiang will actively promote the overseas investment filing of this project and other relevant matters in the preliminary stage of project construction.
The construction of the Indonesian project is an important part of the company’s global strategy layout for new energy materials such as copper foil, which can fully utilize the company’s international operational advantages, draw on the experience and market resources of the international copper tube market, implement differentiated competition, quickly expand international markets, and avoid market risks caused by fierce domestic competition to a certain extent. It can also enhance the international competitiveness of products, further enhancing the company’s profitability.
In addition, this project will expand the company’s influence in the copper foil industry, further attract excellent international talents, and leverage existing technology, talent, equipment, and digital management advantages to achieve international competitive advantages.
Meanwhile, the Indonesian project can complement the domestic base and fully leverage the advantages of the international production layout to actively expand global markets.