(Jakarta training) Vice Chairman of Indonesian Chinese Entrepreneur Association Xue Tianzeng, Vice Chairman Xue Jingyong, Lin Songshi, Deputy Secretary-General Yang Xinsheng, Executive Director of Youth Department Yao Hanbin, etc., welcomed the visit of Liaoning Provincial Department of Commerce Li Jun, Director of Foreign Economic Cooperation Department of Commerce Zhang Yi, Director of Foreign Investment Management Department of Commerce Yang He, Deputy Director of Foreign Economic Cooperation Department Ma Ning and Second-level Chief Clerk of Foreign Investment Management Department Zhang Tianqi at the club at 3:30 pm on February 19, 2025 (Wednesday).
Xue Tianzeng, Vice Chairman of Indonesian Chinese Entrepreneur Association, pointed out that good afternoon, first of all, on behalf of Indonesian Chinese Entrepreneur Association, I would like to extend my warmest welcome and sincere greetings to all guests!
Indonesia is a world-famous "country of a thousand islands" with 17,000 large and small islands and a total population of over 280 million, making it the fourth most populous country in the world. In 2024, Indonesia's GDP will be approximately US$1.4 trillion, and its per capita GDP will be approximately US$4,960. Its economic growth rate will remain above 5% for a long time, showing strong development resilience.
Xue Tianzeng said that Indonesia has unique resource endowments. It is the world's largest nickel reserve and producer, the world's largest coal exporter, the second largest tin producer and the fourth largest bauxite producer. Its reserves of gold, silver, copper and other minerals are among the best in the world. In recent years, the Indonesian government has promoted the upgrading of the mineral processing industry through the "mineral downstream" policy, and has built several important global mineral processing and new energy battery raw material bases.
Indonesia is the initiator of the "21st Century Maritime Silk Road" and one of the most important strategic partners of the "Belt and Road". Over the past decade, we have witnessed the all-round and in-depth cooperation between Indonesia and China in many fields such as economic and trade investment and cultural exchanges.
In 2023, the bilateral trade volume reached 149 billion US dollars. China has been Indonesia's largest trading partner for 11 consecutive years. At the same time, China ranked second and third in Indonesia's investment sources with 7.4 billion US dollars and Hong Kong, China with 6.5 billion US dollars last year. Indonesia's palm oil, tropical fruits, and bulk minerals are deeply complementary to China's electromechanical products and high-tech equipment. China's investment in Indonesia covers infrastructure, digital economy, green energy, metal smelting and other fields. The Jakarta-Bandung high-speed railway and the two countries' dual parks have become international models of cooperation between the two countries.
Xue Tianzeng further stated that Liaoning is an important industrial base in China and an important economic center in Northeast China. It has significant advantages in equipment manufacturing, petrochemicals, metallurgy and other fields. We expect that Indonesia and Liaoning can deepen industrial cooperation and complement each other's strengths. In terms of industry, we will promote Liaoning's advantageous projects to actively "go overseas", connect with Indonesia's new energy and infrastructure projects, participate in Indonesia's new capital construction, archipelago interconnection and other infrastructure projects, and at the same time, we also hope to further promote cultural exchanges between our two places. Liaoning has good ice and snow tourism resources, and Indonesia has rich island tourism resources. The cooperation prospects of the two sides in the tourism service industry have unlimited potential.
Indonesian Chinese Entrepreneur Association will, as always, play a good role as a bridge of communication between the two peoples, provide necessary support and assistance for everyone to visit and invest in Indonesia, and make positive contributions to the economic construction and cultural exchanges of our two countries and regions! Finally, I sincerely wish you a successful and fruitful trip to Indonesia.
Li Jun, deputy director of the Liaoning Provincial Department of Commerce, first briefly introduced Liaoning. He said that Liaoning is a relatively large province in the northeast region in terms of economy, population and other fields, and the GDP of Jilin and Heilongjiang is equivalent to that of Liaoning Province. In addition, Liaoning enterprises have invested more in Indonesia, especially in the fields of minerals and food processing. Last year, the bilateral trade between Liaoning and Indonesia grew rapidly, but it was lower than the 60% growth rate of the total trade between Liaoning and the ten ASEAN countries.
Li Jun said that this visit to Indonesia aims to promote economic and trade cooperation between Liaoning Province and Indonesia, further strengthen exchanges and contacts with the Indonesian business community, find cooperation opportunities, and seek common development. It is hoped that through this trip to Indonesia, cooperation with the Indonesian Chinese Entrepreneur Association in various fields can be further strengthened. Entrepreneurs of the Indonesian Chinese Entrepreneur Association are welcome to take time to visit Liaoning for sightseeing, investment and business development, and seek common development.
