Indonesian Political, Business & Finance News

Chinese PM Li Qiang's Visit Brings Concrete Investment Prospects Worth US$10 Billion

| Source: GALERT
Jakarta (ANTARA) - Investment and Downstreaming Minister/BKPM Head Rosan Perkasa Roeslani stated that Chinese Prime Minister Li Qiang's visit to Indonesia is not merely ceremonial but also brings prospects for concrete cooperation, including the implementation of US$10 billion in investment previously agreed upon by both nations.

"The investment has already begun and covers a number of strategic sectors," he told the media whilst welcoming PM Li Qiang's arrival at Halim Perdanakusuma Air Base, Jakarta, on Saturday.

Beyond projects already underway, PM Li's visit also opens opportunities for new cooperation in transportation, industrial cluster development, mineral downstreaming, and the chemical sector. Rosan noted that these projects involve collaboration between private companies, state-owned enterprises, and foreign partners.

"The new initiatives are cross-sectoral in nature, ranging from railway carriages and electric vehicle battery manufacturing to the chemical industry. We will oversee their realisation to ensure they meet expectations," he said.

The Indonesian government affirmed that economic cooperation with China will continue to be expanded as part of efforts to strengthen national industrial resilience and accelerate the downstreaming of natural resources.

Responding to foreign policy issues such as trade relations with the United States, Rosan emphasised that the primary focus is on deepening mutually beneficial bilateral partnerships.

"We will focus more on discussions to strengthen collaboration between the two nations," he said.
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