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Chinese investments in Indonesia registered a record increase

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Chinese investments in Indonesia registered a record increase

The participation of the government in the Belt and Road Forum in Beijing last may have brought a staggering increase in chinese investments in Indonesia. The BKPM has recorded that investment from China grew by 92.79 % Y-o-Y to US$1.96 Billion in the first half of 2017.

With an investment value of $1.96 billion in the first half, China was Indonesia’s third biggest foreign direct investor, behind Singapore with $3.66 billion and Japan with $2.85 billion. If combined with investment from Hong Kong, China’s total investment reached $2.79 billion.

Both the quantity and quality of Chinese investments has increased, said BKPM chairman Thomas Lembong on Wednesday, adding that in addition to their main investments in smelters and infrastructure, the Chinese investors had also started to invest in tourism.

With an investment value of $1.96 billion in the first half, China was Indonesia’s third biggest foreign direct investor, behind Singapore with $3.66 billion and Japan with $2.85 billion. If combined with investment from Hong Kong, China’s total investment reached $2.79 billion.

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