Chinese investors want to invest US$1 billion in Indonesian furniture
According to a report from Indonesia News on April 17, Indonesia’s Ambassador to China Zhou Haoli revealed that Chinese investors are preparing to invest US$1.38 billion in Indonesian furniture.
He said that previously, Chinese investors had invested a lot in West Kalimantan.
This year, investors from China will continue to invest in Indonesia, especially in West Kalimantan and Batangas City in Central Java.
Many Chinese businessmen will visit Indonesia in mid-April 2021, especially in the two regions of West Kalimantan and Central Java. It is expected to promote and establish trade cooperation opportunities in various regions.
It is reported that Indonesia and China have been established before the epidemic. Last year, China’s total investment in Indonesia reached 4.8 billion U.S. dollars. Compared with the total export value in 2019, Indonesia’s total export value has increased by 15%. In terms of quality and potential products, steel increased by 136.52%, paper and cardboard increased by 133.25%, and tin and its commodities increased by 544.07%.
However, due to the Covid-19 pandemic, the total trade volume between the two countries fell to 78.48 billion U.S. dollars.