Trade links with SE Asian power increasingly vital

By Li Fusheng ( China Daily )

Updated: 2013-10-06

China sees Indonesia as one of its most important partners among the ASEAN countries, said an expert in regional trade relations.

Trade between the two has developed rapidly since they resumed diplomatic relations in 1990, said Wu Chongbo, a professor specializing in Southeast Asian studies at Fujian-based Xiamen University.

Statistics show that bilateral trade between China and Indonesia hit $66.2 billion in 2012, a 9.4 percent increase over the previous year.

Of the amount, China’s imports stood at $20.86 billion, accounting for approximately 15 percent of Indonesia’s total exports and making China the Southeast Asian country’s largest export destination.

In addition to expanding trade, Indonesia is attracting more and more Chinese investment over the past few years.

In 2012, China’s direct investment in Indonesia reached $2.12 billion, more than double the figure in 2010.

Also, two of China’s four State-owned banks — Bank of China and the Industrial and Commercial Bank of China — have established branches in the Southeast Asian country.

Wu said China Development Bank and The Export-Import Bank of China will follow their footsteps to provide “the capital Indonesia’s infrastructure construction requires”.

Wu expects the government will continue investing heavily in the sector in the following five years. By the end of 2010, more than 1,000 companies had made investments with a combined value of $6 billion, mostly in such sectors as infrastructure and energy.

One of the contractors, China Harbour Engineering Company Ltd, is building the expressway at the Medan airport, and Shanghai Construction Group has won the bid to build the Bandung expressway.

“The extensive investment has not only boosted Indonesia’s economic development but also created some 30,000 jobs for locals,” Wu said.

Chinese Tourists

Also, Chinese visitors are helping boost Indonesia’s tourism industry, the third-largest contributor to the country’s GDP, Wu said.

The country has seen a growing influx of Chinese tourists in the past years. Statistics show that 618,000 Chinese visited Indonesia in 2012, a 20.64 percent rise from the previous year.

Excited at the surge, local tourism authorities have vowed to attract 1 million Chinese visitors in 2014 by adopting such measures as facilitating currency exchange, improving hotel reservations and increasing the number of flights between the two countries, Wu said.

In 2008, central banks of the two countries signed a bilateral currency swap agreement that has a value of 100 billion yuan ($16.33 billion).

Wu said the agreement will fuel Indonesian economy by boosting bilateral trade, and also help stabilize the Indonesia Rupiah. “If violent disturbances occur in the financial market, the Indonesian central bank will have more funds to cope with the crisis.”

lifusheng@chinadaily.com.cn

Schedule

President Xi visits Indonesia, Malaysia, attend APEC summit

Oct 2 to 3: Pay State Visit to Indonesia

Oct 4 to 5: Pay State Visit to Malaysia

Oct 6 to 8: Attend the 21st economic leaders' meeting of APEC forum and meet with global leaders in Bali, Indonesia

Forum

US and China-Russia ties

This is a wise strategic move by China and Russia. US had made a big mistake by gathering all the small states around South China Sea area.

Australia needs Chinese Dream

Australia must wake up from the American Fantasy and start living the Chinese Dream. Australian culture is more in line with China than America.

主站蜘蛛池模板: 大肉大捧一进一出好爽视频| 三上悠亚大战黑人在线观看| 久久久久九九精品影院| 国产三级无码内射在线看| 啊灬啊灬别停啊灬用力啊在线观看 | 成年人在线看片| 天天碰免费视频| 尤物国午夜精品福利网站| 情人伊人久久综合亚洲| 男人j放进女人p动态图视频| 欧美高清精品一区二区| 日韩精品免费一级视频| 性做久久久久久免费观看| 性欧美vr高清极品| 国产综合在线观看| 国产不卡在线视频| 亚洲精品欧美精品日韩精品| 久久精品国产精品亚洲毛片| 一级毛片**不卡免费播| 一本大道香蕉在线观看| www.日本在线观看| 9久9久热精品视频在线观看| 黄色福利小视频| 男孩子和男孩子做到哭泰国| 最新无码a∨在线观看| 妞干网在线免费观看| 国产成人va亚洲电影| 人妻内射一区二区在线视频| 么公的又大又深又硬想要| 久久大香伊蕉在人线观看热2| mm131美女爽爽爽作爱视频| 麻豆精品视频入口| 波多野结衣种子网盘| 欧美性bbbwbbbw| 成人一区专区在线观看| 国产欧美日韩亚洲一区二区三区| 国产做无码视频在线观看| 亚洲欧美丝袜制服在线| 亚洲av乱码一区二区三区香蕉| 久久天堂AV综合色无码专区| 久草资源站在线|