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Chinese investors ready to increase investment.

Chinese investors are ready to increase their investment in Indonesia, which is rich in natural resources, big domestic market and has strong economic fundamentals. Jiang Hui, Vice Chairman of China Chamber of Commerce for Import and Export of Textiles, said Indonesia has potential resources that could be developed. Based on data from the Capital Investment Coordinating Board (BKPM), Chinese investment in Indonesia in 2007-2011 was valued at US$498.81 million, or less than 0.5% of its capital outflows in the past five years. Investment outflows form China is big but most of the capital went to neighboring countries such as Vietnam, Myanmar, and Taiwan. Chinese investment outflow is the third largest in Asia, after Japan and India. China is the sixth largest source of foreign direct investment (FDI) in the world. Chinese investment in Indonesia in 2009 was valued only at US$173.64 million, In 2010, the investment dropped to US$128.22 million. In Indonesia, Chinese investors operate mainly in the mining, food and beverage, base metal, metal goods, machinery and electronic sectors. Chinese investment in the mining sector in the past five years reached US$153.99 million, in food and beverage industry valued at US$103.79 million, in base metal industry and other sectors at Us$131.33 million. Jiang said Chinese investors plan to invest in garment industry in Boyolali and Solo.
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Comment:Chinese investors ready to increase investment.(ECONOMIC NEWS IN BRIEF)
Publication:Indonesian Commercial Newsletter
Geographic Code:9INDO
Date:Jun 1, 2012
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