China-Indonesia Forge $10 Billion Deals: Strengthening Strategic Ties

China and Indonesia signed agreements worth $10 billion during the Indonesia-China Business Forum, encompassing sectors like food, new energy, technology, and biotechnology. This marks a significant step in boosting bilateral economic ties, with both countries committing to greater cooperation in energy transitions and security of the global mineral supply.

China and Indonesia have sealed economic deals worth $10 billion at the recently concluded Indonesia-China Business Forum in Beijing. The deals cover various sectors such as food, new energy, technology, and biotechnology, highlighting a significant deepening of economic ties between the two Asian nations.

The forum was preceded by a meeting between Chinese President Xi Jinping and Indonesian President Prabowo Subianto. This was President Subianto's first international visit since taking office last month, emphasizing Jakarta's dedication to enhancing its strategic relationship with Beijing. The leaders issued a joint statement agreeing to collaborate on new energy vehicles, lithium batteries, photovoltaics, and the digital economy.

Other notable agreements include the construction of a high-pressure acid leaching plant by GEM and PT Vale Indonesia, aimed at securing nickel resources. Additionally, GoTo Gojek Tokopedia has partnered with China's Tencent and Alibaba to bolster cloud infrastructure and digital talent in Indonesia, reinforcing the countries' commitment to enhanced bilateral cooperation.

(With inputs from agencies.)