China becomes Indonesia's largest trading partner!

China and Indonesia have agreed to strengthen trade and investment cooperation under the framework of the Third Belt and Road Forum for International Cooperation, Indonesian Trade Minister Zulkifli Hassan said. At the forum, the two countries signed agreements on investment cooperation in 10 different areas, with an estimated total value of about $13 billion. At the same time, Indonesian President Joko Widodo invited more Chinese entrepreneurs to invest in Indonesia as the country's economic indicators showed positive results, including economic growth, trade balance surplus, purchasing managers' index growth and demographic dividend. China has become Indonesia's second largest investor and largest trading partner, and will become the largest source of foreign direct investment in the future. At the third Belt and Road Forum for International Cooperation, China and Indonesia signed investment cooperation agreements in 10 different fields, and Zulkifli Hassan said the two sides will strengthen trade and investment cooperation. Indonesian President Joko Widodo appreciated the investment and contribution of Chinese entrepreneurs to Indonesia's development and invited more Chinese entrepreneurs to invest in Indonesia. In fact, China has become Indonesia's second largest investor and largest trading partner.

According to Hasan, in 2013, China ranked 12th among sources of foreign direct investment in Indonesia, but by 2022 it had jumped to second place. President Joko Widodo believes that in the next year or two, Chinese investment in Indonesia will continue to increase and eventually become the largest source of foreign direct investment. Indonesia's economic indicators showed positive results, including economic growth, trade balance surplus, PMI growth and demographic dividend. This is one of the reasons why Indonesian President Joko Widodo has invited more Chinese entrepreneurs to invest in Indonesia. Hassan said that a number of economic indicators have shown positive results, economic growth has continued to exceed 5 percent, the trade balance has maintained a surplus for 41 consecutive months, and the purchasing managers' index has maintained growth for 25 consecutive months. In addition, Indonesia has a huge demographic dividend and also provides a broad market for Chinese entrepreneurs. In the context of strengthening trade and investment cooperation between China and Indonesia, the holding of the China-Indonesia Business Forum has also played an important role. Hassan said that at the forum, companies from both countries signed a number of trade agreements, estimated to total about $13 billion.

In addition, Indonesia and China signed investment cooperation agreements in 10 different areas, including defense, electric vehicles, energy security and rural cooperative development and poverty eradication. In conclusion, China and Indonesia strengthened trade and investment cooperation at the third Belt and Road Forum for International Cooperation, signing a number of agreements. Indonesian President Joko Widodo has also invited more Chinese entrepreneurs to invest in Indonesia. As Indonesia's second largest investor and largest trading partner, China will become the largest source of foreign direct investment in the future. For Chinese entrepreneurs, Indonesia's economic growth, trade balance surplus, purchasing managers' index growth and demographic dividend are all very attractive markets.