Indonesian Political, Business & Finance News

Chinese Premier's Visit Brings USD 10 Billion in Concrete Investment to Indonesia

| Source: GALERT
Chinese Premier Li Qiang's visit to Indonesia is far more than a diplomatic ceremony. Investment and Downstream Industries Minister/BKPM Head Rosan Perkasa Roeslani affirmed that the visit carries concrete impact in the form of USD 10 billion in investment realisation, previously agreed upon by both nations.

"The investments are already underway and encompass a number of strategic sectors," he said whilst welcoming Premier Li's arrival at Halim Perdanakusuma Air Force Base, Jakarta, on Saturday (24/5).

According to Rosan, these investments not only strengthen ongoing projects but also open new cooperation opportunities across various fields, including transportation, industrial cluster development, mineral downstream processing, and the chemical sector. He added that the projects involve synergy between private companies, state-owned enterprises, and international 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," Rosan emphasised.

The Indonesian government, Rosan continued, is committed to expanding economic cooperation with China in order to strengthen domestic industrial resilience and accelerate the downstream processing of natural resources.

Responding to questions about trade relations with the United States, he affirmed that the current primary focus is on strengthening the strategic partnership with China. "We will focus more on discussions to strengthen collaboration between the two nations," he said.
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