(Fighting new crown pneumonia) China and Indonesia accelerate cooperation after business epidemic brews
China News Service, Beijing, March 6th (Reporter Wei Wei) China-ASEAN Business Council Executive Chairman Xu Ningning said in an interview with China News Agency on the 6th that the economic relations between China and Indonesia are close to each other, and the epidemic has brought about business cooperation. Negative impact. At present, the business communities of both sides are speeding up cooperation after the epidemic is brewing.
The China-ASEAN Business Council is one of the mechanisms for dialogue and cooperation between China and ASEAN countries. Recently, with the continuous improvement of China's new crown pneumonia epidemic situation and the rapid recovery of production and living order, some domestic and Indonesian entrepreneurs have consulted China-ASEAN Business Council regarding trade and investment issues.
Xu Ningning said that Indonesia is the largest economy in ASEAN countries and China is Indonesia's largest trading partner. In 2019, China's investment in Indonesia reached 4.74 billion U.S. dollars, which was double the 2.37 billion U.S. dollars in 2018. The outbreak of the epidemic directly affected the normal trade, investment, engineering and other economic activities of the two countries.
However, Xu Ningning believes that the impact of the epidemic on China-Indonesia economic and trade exchanges is temporary. On the one hand, the industries of the two sides are highly complementary, and there is a common need to enhance cooperation; on the other hand, the economic and trade cooperation between the two sides has a solid foundation and political and business relations.
In recent years, Indonesia has seen strong demand for infrastructure and industrial development. Driven by China ’s “Belt and Road” initiative, a number of Chinese companies, Chinese capital, and Chinese brands have entered Indonesia. Digital products such as Xiaomi and OPPO phones have become the most popular Chinese brands in Indonesia. Internet companies such as JD.com have flourished in Indonesia. .
Many Chinese companies are optimistic about the new business opportunities brought by Indonesia's implementation of the "Industry 4.0 Roadmap" and infrastructure construction projects. Indonesia's "Industry 4.0 Roadmap" puts food and beverage, automotive, electronics, textile, and chemical industries as priority industries. Indonesian President Joko said that one of the major measures for Indonesia's economic development is to continue to accelerate the construction of large-scale infrastructure such as highways, railways, ports and airports.
Xu Ningning believes that Indonesia's preferential policies for investment in oil and gas, petrochemicals, organic and inorganic chemicals, pharmaceuticals, semiconductors, telecommunications, medical equipment, machinery, robotics, shipping, aircraft, railways, electricity and infrastructure are beneficial to investment. Chinese enterprises carry out investment cooperation.
2020 is the year of China-ASEAN Digital Economy Cooperation. Indonesia's digital economy is among the best in ASEAN countries, and cooperation with Chinese companies has shown good momentum.
As an important industry in Indonesia's manufacturing industry, the raw materials supply for the textile, footwear and pharmaceutical industries is mainly imported from China. For example, 60% of Indonesia's pharmaceutical raw materials come from China. Recently, the Indonesian Food Association and the Footwear Association have stated that Chinese products have cost-effective advantages and hope that the industrial chain and supply chain of the two sides will not be affected by the epidemic.
Xu Ningning suggested that during the current epidemic period, companies on both sides should proactively formulate business response strategies in a timely manner, maintain long-term business partnerships, and innovate the way of economic and trade cooperation in epidemic prevention. (Finish)