China gives positive response to Indonesia investment offer

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China-indonesia investments

China-Indonesia Investments | Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan said China had given positive response to investment project offered by Indonesia at the Belt and Road Initiative (BRI) forum earlier this week in Beijing

Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan said #China had given positive response to investment project offered by Indonesia at the Belt and Road Initiative (BRI) forum earlier this week in Beijing.

The two-day BRI forum ending on Monday was attended by 29 heads of state and government and heads of international organizations such as the International Monetary Fund (IMF) discussing synergy in policy, community relations and development of infrastructure.

China sees the strategic position of #Indonesia in its vision of reviving the legendary Silk Road . During his visit here in 2013, President Xi addressed the Indonesian Parliament, and spoke about One Belt One Road (OBOR) and the establishment of Asian Infrastructure Investment Bank (AIIB) to finance infrastructure projects and expressed support for regional economic connectivity and integration.

China, now the worlds largest investing country, has up to US$500 billion set aside for investment program in the next 10 years. The huge fund is to be used mainly to finance infrastructure projects, which are badly needed by Indonesia.

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