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INDONESIA:  Prabowo Pivots to China. 

INDONESIA
GlobalEM BulletBulletIndonesiaAPACEmerging Market NewsRegion
  • Indonesian and Chinese firms will sign agreements worth more than US$10bn according to President Prabowo (source:  BBG).
  • Prabowo’s first foreign trip as President is to Beijing, where he met with President Xi.
  • Prabowo described the relationship between China and Indonesia as ‘getting stronger and stronger’ and that ‘Indonesia considers China not only as a great power, but as a great civilization.’
  • China and Indonesia have agreed to the joint development of fisheries, oil and gas in areas of overlapping claims.
  • China is a source of $7bn of investment in Indonesia’s commodity processing and infrastructure projects and the new President describes the relationship as a priority. 
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  • Indonesian and Chinese firms will sign agreements worth more than US$10bn according to President Prabowo (source:  BBG).
  • Prabowo’s first foreign trip as President is to Beijing, where he met with President Xi.
  • Prabowo described the relationship between China and Indonesia as ‘getting stronger and stronger’ and that ‘Indonesia considers China not only as a great power, but as a great civilization.’
  • China and Indonesia have agreed to the joint development of fisheries, oil and gas in areas of overlapping claims.
  • China is a source of $7bn of investment in Indonesia’s commodity processing and infrastructure projects and the new President describes the relationship as a priority.