Promising Economic Growth in Indonesia

Indonesia’s assets remain strong to keep on a course of economic expansion. Several economic indicators, such as keeping inflation in check and thriving manufacturing, support this optimism.

Tim Redaksi

19 Okt 2023 - 19.56
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Promising Economic Growth in Indonesia

Illustration - Manufacturing industry activities./Bisnis-Abdullah Azzam.

Bisnis, JAKARTA — Indonesia’s assets remain strong to keep on a course of economic expansion. Several economic indicators, such as keeping inflation in check and thriving manufacturing, support this optimism.

President Joko Widodo's visit to China as part of the Belt and Road Initiative has yielded a number of strategic agreements. Besides securing direct investments from businesses, President Joko Widodo has also obtained 10 memoranda of understanding with Chinese President Xi Jinping covering issues related to trade, investment, development, and health.

President Joko Widodo, popularly known as Jokowi, has completed a number of agendas during his visit to Beijing, China, on the first day, Tuesday (10/17/2023). These agendas include the Indonesia-China Business Forum, bilateral meetings with Chinese PM Li Qiang, meetings with Sri Lankan President Ranil Wickremesinghe, and Chinese President Xi Jinping.

Jokowi conveyed his appreciation for the investment and contributions of Chinese businesses to Indonesia's development in his opening remarks. According to Jokowi, in 2022, China ranked second as a contributor to foreign direct investments (FDI) in Indonesia, a significant leap compared to 2013 when China ranked 12th.

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Editor: Yusuf Waluyo Jati
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Promising Economic Growth in Indonesia

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