China’s investments in Indonesia surge
China was listed for the first time in Indonesia’s top foreign investors in the first quarter of 2016.
BKPM headquaters (Source: thejakartapost.com)According to the Investment Coordinating Board of Indonesia (BKPM), China ranked fourth in the list with a total investment of 464.6 million USD, following Singapore with 2.86 billion USD, Japan with 1.58 billion USD, and China’s Hong Kong at 506.8 million USD.
China poured capital into the fields of fish processing, cement and electronic components manufacturing in the ASEAN member nation.
The country’s Tsingshan Group is planning to invest 2.8 billion USD in a high-capacity ferro-nickel smelting factory in Sulawesi, Indonesia.
The increase of Chinese investment in Indonesia was driven by the archipelagic country’s policies to attract foreign investment.
The BKPM recently launched a China desk to help investors in dealing with issues such as slow responses to licenses, land inquiries and language barriers.-VNA
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