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Indonesia-China bilateral investment and trade ties still strong despite slowdown

Updated On: Aug 26, 2009

Trade value between Indonesia and China fell 20% year-on-year to USD$11.7 billion in the first two quarters of 2009. Chinese ambassador to Indonesia Zhang Qiyue attributed the slowdown to the global economic crisis, and said that it was the first since 2001.

However, despite the fall, Indonesia-China bilateral investment and trade ties still remain strong, with Chinese investors from the Henan region poised to pour in USD$200 million in six separate agreements involving the steel and tire industry (amongst others.)

Some 700 Chinese investors are already invested in Indonesian energy, finance, transportation, automotive, farming and fisheries.

Indonesia is now regarded as China's fourth largest trade partner among the ten countries of the Association of South East Asian Nations (ASEAN).

Sources:

Chinese investors to pour in $200 million  Jakarta Post, 25 Aug 09 http://www.thejakartapost.com/news/2009/08/25/chinese-investors-pour-200...
Indonesia, Henan Sign Agreements For $200m Investments, Jakarta Globe, 24 Aug 09 http://thejakartaglobe.com/business/indonesia-henan-sign-agreements-for-...
Indonesia, China to develop trade cooperation despite dwindling trade in H1: ambassador, Xinhuanet, 24 Aug 09, http://news.xinhuanet.com/english/2009-08/24/content_11935450.htm
Indonesia, China to develop trade co-op, China Daily, 24 Aug 09 http://www.chinadaily.com.cn/bizchina/2009-08/24/content_8609069.htm







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