Indonesia aims to achieve its “Golden Indonesia 2045 Vision,” which involves becoming an advanced and sustainable nation by 2045. Experts have praised China’s role in helping Indonesia accomplish its vision, with cooperation between the two countries flourishing.
For the past decade, Indonesia and China have conducted productive cooperation in a wide range of fields. China has been Indonesia’s top trading partner for 10 years and a major source of investment in the country.
The China-Indonesia bilateral relationship has never been stronger. China is not only Indonesia’s largest trading partner but also one of the biggest contributors of foreign direct investment, said Destry Damayanti, senior deputy governor of Bank Indonesia.
Barra Kukuh Mamia, a senior macroeconomist at PT Bank Central Asia, said that Chinese investment has provided Indonesia with opportunities for rapid growth. China has become a catalyst for Indonesia’s economic development over the last decade.
“For example, Indonesia’s economic growth slightly slowed down in 2023 compared to the year before due to the decline in commodity prices, but in terms of import and export trade volume, it was actually growing, all thanks to China,” he said.
The cooperation between Indonesia and China is evident in other fields, such as infrastructure.
The Jakarta-Bandung high-speed railway, the flagship project co-constructed by China and Indonesia under the Belt and Road Initiative (BRI), has become a new favorite means of transportation for many locals.