Mineral-hungry China triples Indonesian investments as Jakarta pushes downstream processing
- Chinese investment into Indonesia reached US$1.56 billion between July and September, up from US$595.61 million a year earlier
- China leans heavily on imports from resource-rich Indonesia, which is seeking to have more of its minerals processed domestically
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.
Ministry of Investment / Indonesia Investment Coordinating Board (BKPM) #indonesia #china #investment #econoomy #fdi #economicdevelopment #trade #globaltrade