GTDW FDI Trade & Supply Chain Digitalisation News
Nov 23, 20221 min
China is Indonesia’s second-largest foreign investor after Singapore and a major consumer of its raw materials.
Chinese investment in Indonesia jumped in the third quarter driven by demand for raw materials used in manufacturing and Jakarta’s campaign to process more minerals at home before export.
Foreign direct investment from China to Southeast Asia’s biggest economy reached US$1.56 billion between July and September, according to data from the Indonesian Ministry of Investment, a steep rise from US$595.61 million in the same period last year.