Indonesian Political, Business & Finance News

Archive: 22 July 2024

1 article found

Indonesia must rethink its dependence on Chinese investment amid political changes

Indonesia under President Prabowo Subianto faces mounting pressure to reassess its economic dependence on Chinese investment, which whilst strengthening infrastructure has created sovereignty risks and debt vulnerability. The government has implemented protective tariffs of up to 200% on Chinese goods to shield MSMEs and emphasises maritime security concerns regarding China's South China Sea claims. Balancing economic benefits against national sovereignty and regional stability will be critical