Indonesia Becomes China’s Destination of Investment
Indonesia is mentioned to be a country that easy to invest and starting a business, that make China interested to invest in.
Representatives from the Chinese Embassy to Indonesia Wang Liping explained that Indonesia is one of the countries that easy doing good business. Therefore China decide to invest in Indonesia. "The regulation in Indonesia is quite good, and the government began to provide convenience such as tax holiday. It is a revolutionary policy to encourage investment in Indonesia," said Wang at the Office of BKPM.
Wang said, one of the area in Indonesia, East Java, is a place that has a high potential for the manufacturing of industry, food and automotive. Except of these sectors, China also invest to e-commerce and digital industries sector in Indonesia.
"E-Commerce in Indonesia is growing very rapidly with big market and population that is why Alibaba, JD and Baidu have started to enter in Indonesia (market)," he explained. Based on the data of BKPM, China is on the seventh position of the top 10 investor countries in Indonesia during 2012-2017 that has 5,365 projects with the amount of investment is US$ 7.8 billion.
Head of Promotion and Investment Services of BKPM of East Java, Andromeda Qomariah, explained that currently East Java is on the second position for the ease of doing business after Jakarta. "We continue to provide the easy way of doing business to attract investment," said Andromeda.
According the data of 2015, the population in East Java was 38.84 million with the area of about 48,039 km. The economic growth in East Java in the fourth quarter of 2017 was at 5.72%. The growth was slow but compare to national growth it is higher. In 2017, foreign capital inflows from China to East Java was US$ 77.04 billion with 335 projects, and created job for 5,407 people.
Source: Antara
Disclaimer: This article is a summary of news articles obtained from a number of mass media. We are not responsible for the accuracy of data or sources of information presented by the mass media that became the reference.
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