Tue, 01 Dec 2009
From:
JAKARTA, Dec. 1 (Xinhua) -- Indonesian President Susilo Bambang Yudhoyono on Tuesday said that Indonesia's trade volume with China is expected to reach 50 billion U.S. dollars in next five years on spur of the improving economic performance, Indonesian Presidential spokesman said here Tuesday.

President Yudhoyono expressed his optimism on the achievement of the target when he met with Chinese senior official of the Communist Party of China Liu Qi at the State Palace here, according to spokesman Dino Patti Djalal.

The trade volume between the two countries has exceeded 30 billion U.S. dollars, according to Dino.

"This shows the extraordinary dynamics of the trade and investment between Indonesia and China," he said.

The spokesman said the economies of the two countries were forecast to grow significantly in the future.

"The target of 50 billion U.S. dollars can be reached," he said.

Indonesia and China had registered positive economic growth during the global financial crisis. China posted the highest growth in the world during the third quarter, and Indonesia was the third highest after India, as many other countries suffered from strong contraction.



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