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Indonesian President calls for strengthened collaboration with China

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      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

      China's sharp countermeasures against U.S. "reciprocal tariffs" demonstrate the country's zero tolerance towards actions that undermine the global multilateral trading system, according to an expert.

      Amid widespread opposition, U.S. President Donald Trump on Wednesday signed an executive order on the so-called "reciprocal tariffs", imposing a 10-percent "minimum baseline tariff" on all imported goods and higher rates on certain trading partners. The order took effect from Saturday.

      For China, it faces a 34-percent tariff from the United States. That was on top of the existing tariff of 20 percent.

      Following the U.S. decision to impose "reciprocal tariffs" on Chinese exports to the United States, China's Customs Tariff Commission of the State Council said Friday that the move taken by the U.S. does not conform to international trade rules, seriously undermines China's legitimate rights and interests, and represents a typical act of unilateral bullying.

      It also announced that China will impose additional 34-percent tariffs on all products imported from the United States starting from April 10.

      Wang Yaojing, assistant professor of economics with Peking University, pointed out that China's countermeasures shows its clear stance in opposing unilateralism and protectionism.

      "China's countermeasures clearly demonstrate zero tolerance against actions that seek to undermine the global multilateral trading ecosystem. These harmful moves have far-reaching consequences for the global economy. And China's countermeasures are both well-prepared and timely," Wang emphasized.

      China’s countermeasures show zero tolerance towards US unilateralism, protectionism: expert

      China’s countermeasures show zero tolerance towards US unilateralism, protectionism: expert

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