Chinese companies cater to Indonesia's need of infrastructure
By Alfred Romann and Cornelia Zou in Hong Kong | China Daily | Updated: 2014-10-27 07:44
China's economic and trade relationship with Indonesia is increasingly large and complex.
Over the last decade, China systematically overtook Indonesia's other trade partners like the United States, Singapore and Japan. Non-oil transactions worth $50.9 billion in 2013 made China the country's single largest trade partner. In 2003, non-oil trade was just $5 billion.
Indonesia is also a prime destination for Chinese investment. The country has a huge need of infrastructure, and Chinese companies have made themselves a global name building just that. In May, for example, the China-ASEAN Investment Cooperation Fund, which has both private and government capital, invested an undisclosed amount in an Indonesian telecom tower operator.
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