China announce Indonesia trade deal

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A series of firsts concluded Chinese Premier Wen Jiabao’s visit to Indonesia.  It was the first visit by a Premier in 10 years, China set up a joint oceanic observation program overseas for the first time ever, and offered the largest aid package in their history to a foreign country.  Indonesia is the beneficiary of $10 billion in business contracts, and untold billions in loans and investments.

Trade between the two countries, which have a friendly relationship, has increased by 50% in the past year to $42 billion, and Wen suggested that it has the ability to grow to $80 billion by 2015.  He announced funding of six “economic corridors”, a $1 billion preferential buyer’s credit, $10 billion in contracts with Chinese businesses, and $8 billion in financing opportunities for investors.  The two countries also agreed to set regular meetings to discuss investments, their joint maritime interests, and trade.

 

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A series of firsts concluded Chinese Premier Wen Jiabao’s visit to Indonesia.  It was the first visit by a Premier in 10 years, China set up a joint oceanic observation program overseas for the first time ever, and offered the largest aid package in their history to a foreign country.  Indonesia is the beneficiary of $10 billion in business contracts, and untold billions in loans and investments. Trade between the two countries, which have a friendly relationship, has increased by 50% in the past year to $42 billion, and Wen suggested that it has the ability to grow to $80...

Reading Time: 1 minute

A series of firsts concluded Chinese Premier Wen Jiabao’s visit to Indonesia.  It was the first visit by a Premier in 10 years, China set up a joint oceanic observation program overseas for the first time ever, and offered the largest aid package in their history to a foreign country.  Indonesia is the beneficiary of $10 billion in business contracts, and untold billions in loans and investments.

Trade between the two countries, which have a friendly relationship, has increased by 50% in the past year to $42 billion, and Wen suggested that it has the ability to grow to $80 billion by 2015.  He announced funding of six “economic corridors”, a $1 billion preferential buyer’s credit, $10 billion in contracts with Chinese businesses, and $8 billion in financing opportunities for investors.  The two countries also agreed to set regular meetings to discuss investments, their joint maritime interests, and trade.

 

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