China wants to improve investment ties with RI

China wants to improve investment ties with RI

JAKARTA (JP): China wants to improve cooperation with
Indonesia in technology development through improved investment
cooperation, a visiting Chinese official says.

The deputy director general of science and technology at
China's Ministry of Foreign Trade and Economic Cooperation, Zhao
Chunhua, who is here to attend a two-day seminar on the
Indonesia-China trade and investment relations beginning
tomorrow, said that opportunities are widely open for technology
cooperation between the two countries.

The chairman of the Association of Indonesia-China Economic,
Social and Cultural Cooperation, Sukamdani S. Gitosardjono, told
reporters here on Monday that investment cooperation through
joint ventures will expedite transfer of technology from the
Chinese to Indonesian partners.

Sukamdani, quoting data of the Investment Coordinating Board,
said that Chinese investments approved by the board since the
normalization of diplomatic ties between the two countries in
1990 reached US$150 million as of last month.

The investments were committed for the establishment of 23
projects in six provinces -- Jakarta, West, Central and East
Java, South Sulawesi and Riau, he said.

The projects will start operating in 1995 and 1996 in bicycle
and ceramics production and in services, he added.

Zhao said Indonesia's investment in China as of last year
reached less than US$100 million.

Sukamdani said investment opportunities in the two countries
will be discussed during the seminar, which will present
prominent speakers, including State Minister of Investment
Sanyoto Sastrowardoyo.(rid)