(Jakarta training) Wang Chao, deputy director of the China Council for the Promotion of International Trade Office, Wang Mengwei, director of the Administrative and Financial Department, Li Feng, deputy general representative of the China Council for the Promotion of International Trade in Indonesia, and others visited Indonesian Chinese Entrepreneur Association at 3 pm on December 20, 2024 (Friday) and were welcomed by General Chairman Zhang Jinxiong, Secretary-General Zhou Weiliang, Forever Honorary Chairman Chen Zhikun, Honorary Chairman Wang Jingqi, Vice Chairman Weng Zuhui, Xu Changkuan, Lin Songshi, Ji Guozhang, Consultant Kuang Yaozhang and other directors.
General Chairman Zhang Jinxiong said that first of all, on behalf of Indonesian Chinese Entrepreneur Association, I would like to express my warm welcome and sincere greetings to all guests and friends!
Indonesia is the world's largest archipelago country with a pleasant climate, rich products, and global leading agricultural and forestry products and mineral resources. The reserves of nickel and tin rank first and second in the world respectively, and the reserves of gold, bauxite, copper and other metals are also among the top ten in the world.
Against the backdrop of a sluggish global economy and increasing uncertainty, Indonesia's economy has maintained a steady growth of more than 5% year-round. Last year, Indonesia's GDP grew by 5.05%, with an economic output of approximately $1.39 trillion. In the first half of this year, Indonesia led the ASEAN countries with a GDP of $680.4 billion and a growth rate of 5.08%.
Zhang Jinxiong pointed out that we have seen rapid growth in trade and investment between Indonesia and China over the past decade. In 2023, mainland China's investment in Indonesia reached $7.4 billion, followed by Hong Kong at $6.5 billion, an increase of nearly 10 times compared to the investment of only $800 million in 2014! In 2023, the total bilateral trade volume between the two countries reached $139.2 billion, nearly three times the trade volume of about $50 billion in 2013!
Zhang Jinxiong said that Indonesian Chinese Entrepreneur Association and the China Council for the Promotion of International Trade have maintained good interaction and close cooperation for many years. In the future, we will continue to play a good role as a bridge for communication between the two sides, provide necessary legal and regulatory consultation and support for everyone's cooperation, and hope that everyone can come to Indonesia often to take a look.
Indonesian Chinese Chamber of Commerce will continue to provide necessary support and assistance for everyone to visit and invest in Indonesia, and contribute to the economic construction and cultural exchanges between the two countries and regions! Finally, thank you all for your visit again. As Christmas and New Year are approaching, I also wish you all a happy new year, good health and a prosperous career in advance.
Deputy Director Wang Chao pointed out that China Council for the Promotion of International Trade is the largest trade and investment promotion organization in China. Our purpose is to promote trade, investment and economic and technological cooperation between China and other countries and regions in the world, enhance mutual understanding and friendship between the Chinese people and the people and economic and trade circles of all countries and regions in the world, and safeguard the legitimate rights and interests of Chinese citizens and legal persons overseas.
Wang Chao said that China occupies an important position in Indonesia's foreign trade. In recent years, the economic, trade and investment cooperation between the two sides has grown rapidly. The China-ASEAN Free Trade Area was fully launched on January 1, 2010. In July 2016, the liberalization and facilitation of investment and trade between the two sides were further improved. The economic and trade relations between China and Indonesia have developed to a new historical opportunity. China RCEP will officially take effect on Indonesia on January 2, 2023. The Chinese government is also committed to playing an important role in the trade and investment between China and Indonesia. Since 2013, China has maintained its position as Indonesia's largest trading partner for 11 consecutive years. In 2023, the trade volume between China and Indonesia has reached US$139.42 billion, and China's direct investment in Indonesia has reached US$3.13 billion. The main task of the China Council for the Promotion of International Trade is trade and investment, providing some convenience for Indonesian companies to invest in China, and also providing some policies for Chinese companies to invest in Indonesia.
