Business / Economy

China, Indonesia pledge for further economic cooperation

(Xinhua) Updated: 2015-01-28 10:25

BEIJING - China and Indonesia on Tuesday pledged further economic cooperation in areas including trade, investment and infrastructure.

Chinese Premier Li Keqiang and Indonesian Coordinating Minister for the Economy Sofyan Djalil met in Beijing for the first High-level Economic Dialogue bilateral meeting.

Cooperation will be conducive to development in both countries and peace and stability in East Asia.

China and Indonesia, both emerging economies with large populations, committed to maintain strategic mutual trust, increase high-level dialogue and strengthen reciprocal cooperation, Li said.

He said China's 21st Century Maritime Silk Road initiative and Indonesia's development strategy fitted together.

China is ready to help Indonesia build factories and production lines, which will promote bilateral infrastructure cooperation and Indonesia's industrialization process, the premier said.

Sofyan said Indonesia's new government attached high importance to relations with China, and welcomed Chinese investment.

Indonesia was confident that China's equipment and technology would help Indonesia's development, the minister said.

The first meeting of China-Indonesia High-level Economic Dialogue was held in Beijing on Monday. Chinese State Councilor Yang Jiechi and Sofyan co-chaired the meeting.

After the meeting, the two sides signed the minutes of the meeting and a letter of intent for cooperation on a power plant.

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