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From 23 to 26 November 2017, ASEAN-China Centre (ACC) organized investment mission to Indonesia. The delegation was led by Mr. Li Yuan, Director of Trade and Investment Division of ACC. Chinese entrepreneurs from Beijing, Shanghai and Jiangsu province joined the trip. During the trip, ACC organized Indonesia-China business matching meeting in Jakarta and Denpasar, Indonesia. The delegation also paid calls on officials of Trade and Investment Department of Indonesia, Mr. Wang Liping, Minister Counsellor (Economic and Commercial) of the Chinese Embassy in Indonesia, and Mr. Hu Yinquan, Consul General of China in Denpasar.

During the business matching meeting, Director Li Yuan said that Indonesia possesses the largest population, territory and economic volume within ASEAN. ASEAN and China connect each other across the sea, and enjoy long time history of friendly exchanges. Both sides have huge comparative advantages, economic complementarity and great trade cooperation potentials. The export from Indonesia to China increased by 40% in the first three quarters of 2017. The investment from China to Indonesia reached nearly USD 2 billion in the first half of 2017. China has ranked the largest trade partner of Indonesia. In this May, Chinese President Xi Jinping and Indonesian President Joko Widodo reached a new and important consensus to coordinate the Belt and Road Initiative and Global Maritime Pivot, which charted a new direction for Indonesia-China relations, and injected a fresh impetus into ASEAN-China practical cooperation, and opened up a new prospect for regional common development and prosperity. Mr. Ketut Sudibya, Director of Bali Investment and Licensing Board, said that in recent years the economic growth of Indonesia has been boasting strong momentum with average GDP growth rate of around 5% and continuous increase of foreign direct investment. Indonesia and China are neighbours. The Belt and Road Initiative and Global Maritime Pivot are highly matched. Indonesia and China enjoy great potentials in blue economy. The Indonesian side welcomes the Chinese enterprises and business sectors to invest in Bali, which is not only rich in tourism resources but also willing to cooperate on fisheries, power generation and garbage disposal, etc. He gave a detailed explanation on the garbage power project in Bali which had attracted the entrepreneurs’ interest.

Indonesian Chinese Entrepreneur Association and Bali Branch of China Chamber of Commerce in Indonesia actively dispatched their representatives to participate in the business matching meeting, and briefed on the business environment and investment policies of Indonesia. Both sides’ entrepreneurs respectively presented their operation and development planning, and wished they could jointly create business opportunities and achieve common development by means of this event.

During the stay, the delegation also listened to Minister Counsellor Wang Liping and Consul General Hu Yinquan’s briefing on Indonesian economic situation and investment opportunities, and Indonesia-China economic relations. Entrepreneurs actively raised their questions and respectively stated to enhance their research on investment and business-running in Indonesia, and make efforts to put cooperation willingness into concrete as soon as possible.