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Indonesian President calls for strengthened collaboration with China

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      Indonesian President calls for strengthened collaboration with China

      2024-11-11 02:57 Last Updated At:09:07

      Indonesian President Prabowo Subianto emphasized the importance of Indonesia's friendship with China and encouraged future cooperation between the two nations during a business forum on Sunday in Beijing, the Chinese capital.

      Speaking at the event, the Indonesian President welcomed Chinese enterprises to invest in Indonesia, highlighting the need for continuous cooperation between Indonesia, Southeast Asia, and China as it reclaims its prominent position on the global stage.

      "In Indonesia and Southeast Asia, we feel that we want to be continuously working together in collaboration and in synergy with the rise of China back to its great position in the world. Therefore, the strong participation of Chinese entrepreneurs in Indonesia, I think, is very important," he pointed out.

      President Prabowo also noted that the two sides have consistently understood and supported each other, emphasizing that mutual understanding is crucial for prosperity in today's world.

      "Only cooperation, that's my belief. Only cooperation, only collaboration can bring understanding. Only understanding can bring peace. Only peace can bring prosperity. Let us work for collaboration, let's work for understanding, let us work for peace, let us work for prosperity for all the people," he said.

      A signing ceremony was held at the event to formalize cooperation between Indonesia and China. Business representatives from both countries signed agreements covering green energy, the digital economy, supply chains, biotech, and manufacturing.

      The event also sparked a passion for communication among business leaders from both countries.

      "In the late 1980s, we entered Indonesia and have since undertaken more than 70 projects with contracts exceeding 10 billion U.S. dollars, bringing Chinese technology, equipment, and standards to the country. Our engagement with the Belt and Road Initiative, particularly in Indonesia, has led to significant progress in the development of industries such as chemicals, energy, and metallurgy in recent years. In line with the national strategies of both China and Indonesia, China National Chemical Engineering Group Co., Ltd has made remarkable progress and noteworthy achievements in its international expansion. Moving forward, we will increase our development efforts in Indonesia. Currently, we have 11 institutions spread across various islands in the country," said Mo Dingge, chairman of the board at China National Chemical Engineering Group Co., Ltd.

      Agreements worth over 10 billion U.S. dollars were signed, marking significant progress in joint development initiatives across sectors such as the blue economy, water conservancy, minerals, and other sectors.

      Indonesian President calls for strengthened collaboration with China

      Indonesian President calls for strengthened collaboration with China

      Indonesian President calls for strengthened collaboration with China

      Indonesian President calls for strengthened collaboration with China

      Next Article

      US stock index futures slump following reciprocal tariffs announcement

      2025-04-03 11:32 Last Updated At:12:07

      Major U.S. stock index futures plummeted in after-hours trading on Wednesday following President Donald Trump's announcement of the so-called "reciprocal tariffs" on trade partners.

      As of 18:35 Eastern Time, the Dow Jones Industrial Average futures had dropped 2.43 percent, the S and P 500 futures were down 3.6 percent, and the Nasdaq Composite futures had slumped 4.35 percent.

      Meanwhile, crude oil futures traded on the New York Mercantile Exchange fell more than 2.5 percent in after-hours trading.

      Amid widespread opposition, Trump announced in the White House on Wednesday that he is imposing the so-called "reciprocal tariffs" on trading partners.

      Displaying a chart illustrating "reciprocal tariffs," Trump announced that the United States has established a "minimum baseline tariff" of 10 percent on practically all imported goods, plus even higher rates on certain trading partners, including China, the European Union, Vietnam, Japan, India, South Korea and Thailand.

      Despite Trump's claim that higher tariffs will help bring in revenue for the government and revitalize U.S. manufacturing, economists have warned that such measures will push up prices for U.S. consumers and businesses, disrupt global trade, and hurt global economy.

      US stock index futures slump following reciprocal tariffs announcement

      US stock index futures slump following reciprocal tariffs announcement

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