China announce Indonesia trade deal

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...

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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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