Key status reflects countries on the move

By Zhou Wenting | China Daily | Updated: 2018-11-07 12:59
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Indonesia

Bilateral economic and trade cooperation between China and Indonesia, the largest economy in the Association of Southeast Asian Nations, has developed smoothly in recent years, and China has been Indonesia's largest trading partner for seven consecutive years.

In 2017, bilateral trade between the two countries reached $63.3 billion, a year-on-year increase of 18.3 percent. China's exports to Indonesia amounted to $34.77 billion, and China's import value from the country was $28.55 billion.

Indonesia is also an important participant in the Belt and Road Initiative. Since the two countries reached an agreement on the 142-km-long Jakarta-Bandung high-speed railway, the first such railway in Indonesia and China's first overseas high-speed rail project, China's investment in Indonesia has more than doubled.

Altogether 32 companies from Indonesia participate in the CIIE. The country's trade authority said they exhibit various export commodities, such as bird's nest, palm oil and motor vehicles, and hoped to highlight some products, such as coffee, which have the potential to enter the Chinese market on a large scale.

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