In 2023, Southeast Asia received around 50% of China’s regional investments, marking a 27% increase from the previous year. Indonesia emerged as the leading recipient of these funds, attracting approximately US$7.3 billion.
During a bilateral meeting at the Merdeka Palace on 8 September 2023, Indonesian President Joko Widodo and Chinese Premier Li Qiang confirmed a new investment pledge of US$21.7 billion from China, covering sectors such as e-commerce, industry, agriculture, fisheries, science and technology, and innovation.
This agreement builds on a previous US$44.89 billion commitment made in July of the same year. Additionally, the two countries agreed on the Financing Facilitation for the China-Indonesia “Two Countries, Twin Parks” initiative, further solidifying their economic ties under the Belt and Road Initiative (BRI).
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