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Indonesian anti-graft agency warns of risk of Chinese investment

  • 📰 The Straits Times
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JAKARTA (BLOOMBERG) - Indonesia's anti-corruption agency has warned of the risks of doing business with Chinese firms, while also raising concerns over Beijing's efforts to exert economic influence in the South-east Asian nation.. Read more at straitstimes.com.

JAKARTA - Indonesia's anti-corruption agency has warned of the risks of doing business with Chinese firms, while also raising concerns over Beijing's efforts to exert economic influence in the South-east Asian nation.

At the same time, the comments from the anti-graft agency, known as KPK, point to underlying concerns in Indonesia about Beijing's political and economic ambitions.BALANCING ACT For Indonesian President Joko Widodo, who began a second and final five-year term in October, China presents a tricky balancing act.

Last week, Australian Ambassador to Indonesia Gary Quinlan struck a cautious tone over whether the presence of Chinese telecommunications giant Huawei Technologies Co Ltd in Indonesia would impact intelligence sharing with its northern neighbour. Asked specifically if it would impact on Australia's willingness to share intelligence with Indonesia, he said:"We'll only know that when we know it."

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