China-Indonesia Monthly Brief: June 2024

• Huayou Cobalt’s Role in Indonesia’s Downstream Projects: Minister of Energy and Mineral Resources Arifin Tasrif visited Huayou Cobalt’s facilities in Quzhou City, China, on June 1, 2024, to encourage increased investment in Indonesia. Huayou’s involvement in nickel downstream projects across several Indonesian provinces supports industrial downstream programs and contributes to Indonesia’s economic development through mineral resource utilization.
• Bilateral Trade Promotion: The seventh China Trade Fair Indonesia, hosted on 4 June 2024 at the Jakarta International Expo, featured participation from nearly 1,000 Chinese companies. The event served as a platform for bilateral trade discussions, with a focus on emerging sectors like educational equipment, fostering closer economic cooperation between Chinese and Indonesian enterprises.
• Arrest of Chinese Nationals Involved in Illegal Mining: On June 4, 2024, Central Sulawesi Regional Police arrested four Chinese nationals engaged in illegal mineral and coal mining activities in Palu City and North Morowali Regency. This incident underscored challenges in regulating foreign mining activities and highlighted Indonesia’s efforts to enforce environmental regulations and protect natural resources.
• Chinese Participation in Indonesian Trade Fair: Over 817 Chinese companies participated in the seventh Indonesian Trade Fair at JIEXPO Kemayoran Jakarta from June 4-7, 2024. This event served as a platform for industrial collaboration and investment opportunities between Indonesia and China, fostering economic partnerships and bilateral trade relations.
• Zeekr’s Entry into Indonesia’s Premium Electric Vehicle Market: On June 5, 2024, China’s premium electric car brand Zeekr partnered with local distributor PT. Premium Auto Prima to introduce its vehicle lineup in Indonesia. This collaboration aims to introduce Zeekr’s premium electric vehicle models to Indonesian consumers, highlighting China’s innovation in the automotive sector and expanding market presence in Southeast Asia.
• Standardizing Tourism Services Cooperation Between Indonesia and China: The National Standardization Agency (BSN) of Indonesia reviewed cooperation with China’s State Administration for Market Regulation (SAMR) during a visit to Beijing on June 5-6, 2024. This review, initiated amidst growing economic relations, explores standardizing tourism goods and services to ensure quality and enhance bilateral tourism exchanges. The effort underscores Indonesia and China’s commitment to harmonizing tourism standards amid increasing travel demands.
• CSIS Researcher’s Perspective on China’s Role in Regional Prosperity: Senior researcher Rizal Sukma of Indonesia’s CSIS emphasized on June 6, 2024, China’s pivotal role in regional economic growth and prosperity. In an exclusive interview with Xinhua, Rizal underscored China’s economic contributions as Indonesia’s largest trading partner and major investor, urging regional cooperation to leverage China’s technological advancements for mutual development.
• Indonesian Ministry of Health and Chinese Hospital Collaborate on Cardiovascular Doctors’ Training: On June 7, 2024, the Indonesian Ministry of Health (Kemenkes) and Rizhao Xinyi Heart Hospital of Qingdao University signed a Letter of Intent (LoI) to enhance collaboration in training Indonesian cardiovascular doctors. This initiative, under the Belt and Road Initiative (BRI), aims to strengthen bilateral ties in healthcare. Kemenkes has also established cooperation agreements with three Chinese university hospitals, including Rizhao Xinyi Hospital, to deepen partnerships.
• Badminton Victory Against Chinese Opponents: Indonesian men’s doubles badminton players Bagas Maulana and Muhammad Shohibul Fikri advanced to the round of 16 at the Indonesia Open 2024 by defeating China’s Liu Yuchen and Ou Xuanyi in a competitive match. This victory, achieved on June 7, 2024, underscores Indonesia’s competitive edge in international badminton tournaments and strengthens sports diplomacy between the two nations.
• Boosting Agricultural Exports: On Monday 10 June 2024, the Indonesian Quarantine Agency (Barantin) carried out a working visit to China and the Barantin delegation visited Yanzhi Wu Ecological Industrial Park in Tong’an District, Xiamen, China. During this working visit, Barantin had a major commitment to supporting and facilitating the export of Indonesian swallow’s nests to China in order to increase the country’s foreign exchange.
• Three Indonesian Students Compete in 2024 Chinese Bridge Competition: On June 12, 2024, Indonesia announced the selection of 84 students from elementary to tertiary levels to compete in the final round of the Chinese Bridge competition in China. Organized by the Mandarin Language Education Coordinating Board (BKPBM) with support from the Chinese Embassy, the competition promotes Mandarin proficiency and Chinese culture. This event not only enhances educational exchanges but also fosters cultural understanding and language learning among Indonesian students.
• NETA’s Contribution to Indonesia’s EV Export Hub Vision: During a visit to Beijing on June 12, 2024, Indonesian Minister of Industry Agus Gumiwang Kartasasmita secured NETA Auto Overseas’ commitment to bolster Indonesia’s position as an export production base for electric vehicles. This partnership aligns with Indonesia’s goal to produce 600,000 EVs by 2030, marking a significant milestone in fostering bilateral economic ties and advancing Indonesia’s EV industry.
• High-Level Economic Engagements: Coordinating Minister for Maritime Affairs and Investment, Luhut B. Pandjaitan, held crucial discussions with Zheng Shanjie, Chairman of China’s National Development and Reform Commission (NDRC), in Beijing on 12 June 2024. Minister Luhut advocated for NDRC’s support in joint ventures between CBL and IBC for battery materials and recycling projects in Buli, North Maluku, and discussed industrial development plans in North Kalimantan. During the visit, Coordinating Minister Luhut reaffirmed Indonesia’s commitment to the One China Policy during a statement, clarifying Indonesia’s stance amidst regional complexities, particularly concerning Taiwan.
• Industrial and Technological Collaborations: On June 12-13, 2024 Minister of Industry Agus Gumiwang Kartasasmita visited Beijing and met with Chinese Minister of Industry and Information Technology Jin Zhuanglong, during the meeting discussed cooperation in the development of electric vehicles (EV) and the petrochemical sector with China, given that the potential benefits of the two sectors are quite large for each country. During the meeting, Agus Gumiwang Kartasasmita also emphasized that the opportunities for the EV industry in Indonesia are still wide. This is in line with the government’s policy from 2019 which is committed to start developing advanced technology that is environmentally sound and low emission, with battery electric vehicles (BEV) as the main priority. Therefore, the Minister of Industry encouraged China’s electric vehicle industry to increase the automotive industry’s contribution to export value through BEVs and invited them to start using Nickel Manganese Cobalt (NMC) battery cells in the electric vehicle industry. As for the petrochemical industry itself, Agus Gumiwang Kartasasmita assessed that new investment opportunities are wide open and profitable, for this reason, he invited business actors in the petrochemical sector to expand their business in Indonesia.
• Parliamentary Cooperation and Infrastructure Development: The House of Representatives’ Inter-Parliamentary Cooperation Committee (BKSAP) received a visit from the Parliament of the People’s Republic of China. During the meeting, several important global issues were discussed, including increasing trade and export cooperation that continues to be accelerated through the Indonesia-China Parliamentary Bilateral Cooperation Group (GKSB) which has long been well established. Previously, on Thursday, June 13, 2024, the House of Representatives’ Inter-Parliamentary Cooperation Committee (BKSAP) Sufmi Dasco Ahmad received a visit from a delegation from the Chinese Parliament’s Foreign Affairs Commission. During the meeting, various opportunities for cooperation between the two countries were discussed, including fast train investment in Indonesia.
• Strengthening Sports Cooperation: The Chinese Consulate General in Surabaya, Xu Yong, visited the East Java Office of the Indonesian National Sports Committee (KONI) on 14 June 2024 to explore enhanced cooperation in sports development. Discussions centered on fostering long-term partnerships that could significantly benefit sports initiatives in East Java.
• Increased Passengers on KCIC’s Whoosh Fast Train: During the school holiday period from June 14 to July 7, 2024, PT Kereta Cepat Indonesia China (KCIC) recorded a significant increase in Whoosh fast train ticket sales, totaling 350,000 tickets. This surge reflects a 20% rise in passengers compared to non-holiday periods, highlighting the growing popularity of high-speed rail services in Java. KCIC’s operational success since October 17, 2023, underscores its role in enhancing transportation connectivity across Indonesia.
• Enhanced Energy Transition Cooperation through CBL in North Maluku: Coordinating Minister Luhut Binsar Pandjaitan emphasized on June 14, 2024, the collaboration between CBL (Contemporary Brunp Lygend Co Ltd) and Indonesia Battery Corporation (IBC) in North Maluku. This partnership aims to develop battery materials and recycling projects for electric vehicles, with a substantial USD 5.9 billion investment. The project in Buli industrial area signifies China-Indonesia cooperation in advancing sustainable energy solutions and promoting environmental stewardship.
• Cooperation in Fire Safety: On Monday 17 June 2024, the Ministry of Home Affairs’ Directorate General of Regional Administration (Adwil) team met with a Chinese delegation consisting of the Ministry of Emergency Management/China Fire and Rescue, the leadership of the Confederation of Fire Protection Association Asia and large Chinese companies operating in the field of Fire Safety in Guangzhou, China. The meeting was held to strengthen and expand cooperative relations between Indonesia and the Republic of China in the fields of fire prevention technology and management between the two countries. Then, the strategy created by the Ministry is to improve fire services in the regions through international cooperation, especially in terms of increasing human resource capacity and firefighting infrastructure.
• Exploring Investment Opportunities: On June 18, 2024, the International Business Association (IBA) facilitated a visit by the Southeast Asia One Belt One Road delegation from China to Indonesia. Led by Shan Shan, Chairman of IBA, the delegation conducted a working visit covering strategic areas such as Bintan Island, Batam, and Jakarta. The primary objective was to explore investment opportunities and strengthen economic cooperation between Indonesia and China.
• Indonesian Tennis Player Aldila Sutjiadi Faces Chinese Opponent at WTA 250 Birmingham: On June 18, 2024, Indonesian tennis player Aldila Sutjiadi, alongside partner Asia Muhammad, competed against Chinese duo Guo Hanyu and Jiang Xinyu at the WTA 250 tournament in Birmingham, England. Their match symbolized a competitive encounter in the first round, underscoring Indonesia’s presence in international tennis competitions and promoting sports diplomacy between Indonesia and China.
• Enforcement Against Illegal Imports: On Thursday 20 June 2024 Zulkifli Hasan, Minister of Trade, reviewed illegal ceramic and tableware products resulting from surveillance in Surabaya, East Java. A total of 4,565,598 ceramic and tableware products worth Rp. 79,897,965,000 from China will be destroyed by the Ministry of Trade because it does not have a Product Use Mark (SPPT) certificate and Goods Registration Number (NPB).
• RCEP Forum in Huangshan: On Friday 21 June 2024 a forum regarding the Regional Comprehensive Economic Partnership (RCEP) was opened in Huangshan, Anhui Province, east China. The forum was opened to increase cooperation in green development sectors, especially between member countries. In the RCEP forum, a letter of intent (LoI) for friendly cooperation between Anhui and Indonesia’s East Kalimantan Province was signed by representatives of the two governments. With these RCEP activities, it is hoped that cooperation and synergy between RCEP member countries can be strengthened in various sectors, including in the fields of trade, investment and sustainable development.
• Preparations for Regional Expos: On Thursday, June 26, 2024 the Director of Primary Product Export Development, Miftah Farid attended the Senior Official Meeting (SOM) which took place in Nanning Guangxi, China. The activity is to prepare Indonesia’s participation in the 2024 China-ASEAN Expo (CAEXPO). Miftah said that Indonesia will be present at the annual CAEXPO event through the Commodity Pavilion, City of Charm, and ASEAN High-Tech Gallery. Miftah also had a bilateral meeting with representatives of the CAEXPO Secretariat to discuss several issues. This is to encourage an increase in CAEXPO’s contribution in promoting Indonesia’s trade, investment and tourism potential. On September 24-25, 2024 Indonesia will also take part in the China-ASEAN Business and Investment Summit (CABIS) which will be held in Nanning, China. This is an effort to increase the intensity of connections between Indonesian and Chinese businesses.
• Manado Scuba Represents Indonesia at China B-to-B Tourism Event: Manado Scuba was selected by the Ministry of Tourism and Creative Economy on June 27, 2024, to represent Indonesia at a business-to-business (B-to-B) meeting in Shanghai. This initiative aimed to strengthen tourism partnerships between Indonesian and Chinese businesses, particularly promoting tourism in North Sulawesi. Manado Scuba’s representation highlights Indonesia’s diverse tourism offerings and strategic efforts to attract Chinese tourists.
• Launch of AION Y Plus Electric Car: AION Indonesia, a leading electric car manufacturer, officially launched its flagship model, AION Y Plus, on June 29, 2024. This milestone marks AION Indonesia’s commitment to meeting Indonesia’s increasing demand for environmentally friendly vehicles equipped with advanced safety and comfort features. The launch event underscored AION Indonesia’s role in advancing sustainable mobility solutions in the Indonesian automotive market.
• Collaboration in Economic Development: Chinese entrepreneurs are considering expanding into Indonesia’s electronics market following encouragement from Sultan B. Najamudin, Vice Chairman of the House of Regional Representatives (DPD) RI. Sultan highlighted Indonesia’s growing market potential for electronic devices, driven by increasing purchasing power and electrification rates. He emphasized Indonesia’s conducive investment climate and expressed readiness to facilitate market access for Chinese businesses.
• Strategic Interest in Aquaculture: State-owned enterprises from China have shown interest in investing in Indonesia’s lobster farming industry, particularly in the Riau Islands. This follows previous investments by Vietnamese firms in Bali, signaling growing regional cooperation in aquaculture and seafood production between China and Indonesia.
• Industrial Expansion: PT Indopoly Swakarsa Industry (IPOL) is expanding production capacities at its facilities in Purwakarta, Indonesia, and Suzhou, China. The Indonesian plant’s capacity will increase to 25,000 tons annually, while the Chinese facility will reach 40,000 tons per year. Indonesian Ambassador to China Djauhari Oratmangun visited the Suzhou plant, lauding Indopoly’s efforts to strengthen bilateral industrial cooperation.
• Healthcare Collaboration: The Indonesian Ministry of Health is actively encouraging Indonesian health professionals in China to return home and contribute to the domestic healthcare sector. Director General Arianti Anaya highlighted streamlined registration processes aimed at leveraging diaspora expertise to address Indonesia’s healthcare challenges.
• Tourism Development Initiatives: The Ministry of Tourism and Creative Economy, in partnership with PT Kereta Api Wisata (KAI Wisata), conducted a sales mission in China to attract tourists. With a target of 1-1.5 million Chinese visitors in 2024, the initiative aims to revitalize Indonesia’s tourism sector post-pandemic, positioning Indonesia as a preferred destination for global travelers.
• E-commerce Dynamics and Regulatory Responses: China’s expanding e-commerce activities in Indonesia have raised regulatory concerns regarding its impact on local businesses. Indonesia is formulating regulations to manage cross-border e-commerce effectively while promoting fair competition within its market.
• Trade Challenges and Market Strategies: A decline in the volume of palm oil exports to China was recorded from March to April, from 447 thousand tons to 315 tons, according to a report by the Indonesian Palm Oil Association (GPKSI). The decline in palm oil exports also occurred for India with an initial amount of 456 thousand tons to 332 thousand tons, and for Bangladesh with an initial amount of 162 thousand tons to 67 thousand tons, as well as Pakistan with an initial amount of 270 thousand tons to 182 thousand tons, and the Netherlands from 169 thousand tons to 108 thousand tons.
• Influx of Chinese Automotive Brands: Denny Siregar, President Director of PT Handal Motor Indonesia, announced that the influx of Chinese automotive brands into Indonesia continues unabated. The assembly facilities in Bekasi currently host brands like Chery and Neta, with plans underway to introduce Jetour at a new facility in Purwakarta. This expansion underscores China’s increasing footprint in Indonesia’s automotive sector, particularly focusing on the production and development of electric vehicles.
• Tariffs on Chinese Goods: Amidst concerns over the influx of Chinese imports such as clothing and textiles, Indonesia’s Ministry of Trade (Kemendag) is preparing to impose import duties of up to 200 percent on selected Chinese-made products. Minister of Trade Zulkifli Hasan highlighted that this measure aims to mitigate the impact of cheap imports on local industries and balance trade relations. The proposal is currently under review, with stakeholders discussing its potential implications across different industrial sectors.
• Challenges in Agricultural Exports: China’s General Administration of Customs issued a Notification of Non-Compliance (NNC) to Indonesia in March 2024, citing concerns over fruit fly infestations in salak fruit exports. This regulatory setback has temporarily halted the export of salak fruits to China, posing challenges for Indonesia’s agricultural trade with one of its major partners.
• Impact of Chinese Applications on Local Businesses: Bhima Yudhistira, Executive Director of the Center of Economic and Law Studies (Celios), voiced concerns over the threat posed by Chinese e-commerce platforms and applications to Indonesia’s micro, small, and medium enterprises (MSMEs). The rapid penetration of platforms like Temu in the Indonesian market raises fears of increased competition and potential displacement of local businesses, particularly in the manufacturing and processing sectors.
• Textile Industry Investments: Coordinating Minister for Maritime Affairs and Investment Luhut B. Panjaitan announced plans for Chinese textile companies to invest in garment factories in Kertajati, West Java, and Sukoharjo, Central Java. These investments are expected to create thousands of job opportunities and stimulate economic growth in the textile manufacturing sector. Febri Hendri Antoni Arif, spokesperson for Indonesia’s Ministry of Industry, affirmed the government’s support for these investments while emphasizing the need for comprehensive sector-specific assessments.
• Expansion of BYD Dealerships: Harmony Auto Group inaugurated new BYD dealerships in Jakarta during June 2024, including strategic locations in South Jakarta and Sudirman. Feng Changjin, Vice President of Harmony Auto Group, highlighted the significance of these new dealerships in enhancing BYD’s presence in Indonesia’s bustling business districts. The expansion aims to cater to the growing demand for electric vehicles and support BYD’s market penetration strategy in Southeast Asia.
• Cyber Crime and Trafficking Issues: The National Police reported that a Chinese national, identified by the initials SZ, was apprehended in Abu Dhabi for online fraud. SZ allegedly tricked 800 Indonesian citizens with promises of job opportunities and is also suspected of involvement in an international human trafficking network. Indonesian authorities are conducting a thorough investigation into SZ’s activities.
• Foreign Investment in Central Java: The Wijayakusuma Industrial Area (KIW) in Central Java continues to attract significant foreign investment. Ahmad Fauzie, Main Director of KIW, noted a notable increase in investment size despite fewer new tenants this year. Currently hosting 127 investors, KIW sees substantial investments in labor-intensive industries such as furniture, garments, textiles, and logistics, with new entrants from countries including China and Sri Lanka.
• China’s Five Principles of Peaceful Coexistence: Researchers from Indonesia’s National Research and Innovation Agency (BRIN) affirmed that China’s “Five Principles of Peaceful Coexistence” contribute positively to maintaining peace and fostering mutually beneficial cooperation. These principles, emphasizing sovereignty, non-aggression, non-interference, equality, and mutual benefit, are deemed compatible with Indonesia and ASEAN’s values, promoting peaceful relations and economic partnerships.
• Durian Export Ambitions: Indonesia aims to ramp up durian exports to China, targeting a market value of 8 billion USD. Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan highlighted plans to expand durian plantations in North Sumatra and West Papua, with additional areas slated for development in Central Sulawesi to meet growing international demand.
• Educational Collaboration with China: UIN Walisongo Semarang signed a memorandum of understanding (MoU) with Jiangsu Normal University to foster research and educational partnerships. This collaboration includes lecturer exchanges, joint research initiatives, scholarships, and short courses, reflecting strengthened educational ties between the two countries.
• BYD’s Market Expansion: BYD Indonesia delivered 1,500 vehicles to Indonesian consumers by the end of June 2024, marking a significant milestone in its market penetration strategy. The delay in vehicle deliveries was attributed to procedural differences in importing vehicles, aligning with BYD’s commitments to expand investments in Indonesia’s automotive sector.
• Luosifen’s Market Entry: Guangxi’s Luosifen, a popular dish in southern China, made its entry into the Indonesian market. The unique flavors of Luosifen, characterized by vermicelli in spicy snail soup, attracted Indonesian consumers following the opening of the first physical restaurant in Jakarta’s central business district.
• BRIN’s Assessment of China’s Development Impact: BRIN experts say China’s rapid economic development and reform can benefit the people at home. However, China’s rapid economic development can also have a good impact on the world community, especially developing countries like Indonesia. Relations between Indonesia and China have developed significantly in the last two decades. Hayati Nufus, who is a Researcher at the Political Research Center at the National Research and Innovation Agency (BRIN), said that there are several keys to China’s progress, including openness to continue experimenting, then innovating, as well as policies that are sustainable and prepared according to domestic conditions. A viable and efficient governance model can also play an important role in maintaining stability.
• Honorary Title for Luhut: Luhut Binsar Pandjaitan received an honorary professorship from Tsinghua University for his contributions to fostering friendly relations between Indonesia and China. This recognition underscores Luhut’s efforts in advancing bilateral cooperation, benefiting both nations and the wider region.
• Regulation Against Cross-border Trade Apps: The Indonesian government introduced Minister of Trade Regulation Number 31 of 2023 to address concerns over the Temu application, similar to TikTok Shop, potentially disrupting local markets and MSMEs. The regulation aims to safeguard MSMEs through strategic policies supporting fair competition and market integrity.
• Rising Popularity of Chinese Beauty Brands in Indonesia: According to reports from the Jakarta-based Institute for Development of Economics and Finance, Chinese skincare brands have outperformed local brands in Indonesia’s e-commerce market. This trend, observed throughout June 2024, is driven by effective promotion on social media platforms like TikTok, reflecting evolving consumer preferences influenced by digital marketing strategies.
• Environmental Collaboration at Java 7 Steam Power Plant (PLTU): Located in Serang, Banten, the Java 7 Steam Power Plant (PLTU) is a collaboration between PT PLN (Persero) and China Energy Investment Group. This facility, equipped with Ultra Super Critical (USC) boiler technology, has transformed into a habitat for various wildlife species within its 17-hectare mangrove forest area. Completed in June 2024, this project sets a benchmark for sustainable energy development, emphasizing Indonesia-China cooperation in environmental conservation.
• Incident at Keusikurug Beach Involving Foreign Nationals: The Sukabumi Police investigation in June 2024 revealed 28 foreign nationals stranded without passports at Keusikurug Beach, West Java. Among them were 23 Bangladeshi nationals and four individuals initially claimed to be Thai but later confirmed as Chinese. This incident highlighted challenges in managing illegal immigration and border security, underscoring the complexities of international migration issues.
• Pertamina’s Seismic Survey in Eastern Indonesia: By the end of June 2024, PT Pertamina Hulu Energi (PHE) completed a 3D seismic survey in the Bone and Southeast Seram offshore regions. This survey, conducted in collaboration with China Oilfield Services Limited (COSL), aims to explore new oil and gas reserves, supporting Indonesia’s energy security goals. The project signifies Indonesia-China cooperation in energy exploration and infrastructure development.
• Market Presence of Chinese Dash Cam Manufacturer 70mai: Since 2020, Chinese dash cam manufacturer 70mai has strengthened its market leadership in Indonesia’s automotive sector. Through collaborations with over 40 partner workshops nationwide, 70mai has enhanced customer satisfaction with its dashcam products, catering to diverse market needs. This initiative underscores China’s growing influence in Indonesia’s automotive technology market.
• Indonesia’s Participation in FIBA U18 Women’s Asia Cup: The Indonesian Women’s Under-18 Basketball Team competed in the FIBA U18 Women’s Asia Cup 2024 in Shenzhen, China. Despite facing formidable opponents such as China, Japan, and New Zealand, Indonesia aimed to secure its Division A status. The team’s participation, culminating in a match against Malaysia, underscores Indonesia’s commitment to youth sports development and regional sports diplomacy.
• Badminton Tournament in Kaohsiung: Indonesian men’s singles badminton player Alwi Farhan acknowledged the competitive prowess of Chinese Taipei’s Cheng Kai in a gripping quarter-final match at the Kaohsiung Masters 2024. Cheng Kai’s performance, culminating in a victory against Alwi Farhan with a score of 21-17, showcased intense sporting rivalry and Indonesia’s presence in international badminton competitions.
• GAC AION’s Expansion Plans in Indonesia’s Electric Vehicle Market: GAC AION, a Chinese electric car manufacturer, disclosed plans to launch three new models annually in Indonesia. With intentions to produce vehicles locally at their Cikampek factory in Karawang Regency, West Java, GAC AION aims to cater to Indonesia’s growing demand for electric vehicles (EVs). Their lineup includes BEV variants offering different mileage ranges, demonstrating China’s strategic investments in Indonesia’s automotive sector.
• Indonesia-China Industrial Cooperation under RCEP: The Ministry of Industry of Indonesia held discussions with China’s RCEP Industrial Cooperation Committee Chair and Chinese business representatives in Jakarta. These meetings, aimed at enhancing trade and investment relations, emphasized technology transfer and industrial development to add value to Indonesia’s raw materials, supporting economic growth and sustainable industrialization.

Compiled by:

Fenny Desmi Widiastuti

Tiara Ayu Fatmasari

Edited by:

Muhammad Zulfikar Rakhmat

Yeta Purnama