Indonesia says China has pledged US$21B in new investment to strengthen ties

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 99%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Visiting Chinese Premier Li Qiang on Friday pledged US$21.7 billion in new Chinese investment in Indonesia to strengthen the countries' economic and political ties, an official said.

Li arrived in Jakarta on Tuesday to attend the three-day summit of the Association of Southeast Asian Nations and meet with Indonesian leaders.President Joko Widodo hosted Li at the colonial-style Merdeka palace in Jakarta on Friday and discussed ways to expand trade and investment. He sought China's help in plans to move Indonesia's capital from congested and polluted Jakarta on the main island of Java to Nusantara on Borneo island.

Marsudi said Widodo asked China, Indonesia's largest trade and investment partner, to "realize these commitments immediately" and urged it to explore investment in other sectors, such as maritime and fisheries. On Wednesday, Li took a test ride on Indonesia's new US$7.3 billion high-speed rail line, which was funded largely with Chinese loans. It connects Jakarta and Bandung, the heavily populated capital of West Java province, and is part of China's Belt and Road infrastructure initiative.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesia, China discuss boost to investment and tradeJAKARTA (Reuters) - Top officials from Indonesia and China discussed ways to improve their bilateral investment and trade, which include expanding the ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

Indonesia, China discuss boost to investment and tradeJAKARTA (Reuters) - Top officials from Indonesia and China discussed ways to improve their bilateral investment and trade, which include expanding the ...
Source: SaltWire Network - 🏆 45. / 63 Read more »