Indonesian President and Chinese premiere meet to discuss the expansion of trade during the US trade war
Chinese Premier Lee Kiang met Indonesia President Prabovo Subino to discuss ways of trade and investment expansion during the US Global Trade War and to face Headwind as economic globalization. Lee arrived in Indonesia’s capital, Jakarta, for a three -day visit to Southeast Asia’s largest economy on Saturday afternoon. This was the first stop of his first foreign journey this year. Indonesia and China Group are 20 major developing countries and emerging economies and members of BRICS. Lee brought 60 Chinese major businessmen on Sunday evening for his address to the Indonesia-China trade reception. He emphasized his comment that Chinese economy has gained rapid growth this year despite an increase in external challenges. “The current international situation is a deadlock,” Lee said in the event that Jissal also participated, “Unilateralism and protectionism is increasing, bullying behavior is increasing.” Lee said that this year is the 70th anniversary of the non-comprehensive movement which was held by Asian and African countries in the city of Bondung, Indonesia, when the world was at a historic intersection more than seven decades ago. Bandung Bhavna of solidarity, friendship and cooperation played an important role in the unity and cooperation of global South countries, Lee said. “After more than seven decades, the world is once again at an important intersection,” Lee said. He called upon all countries to find common land by resolving differences through dialogue and peaceful co -existence. Subiento expressed gratitude to the Chinese government and its companies “who have participated in our economy, have created jobs, transferred technology and created faith between all businesses, especially in our motherland.” He also invited Chinese businessmen to invest more in Indonesia. Last year, the two-way trade exceeded US $ 147.8 billion, increased by 6.1 percent. Lee said that for nine consecutive years, China has been Indonesia’s largest trading partner, and its belt and road cooperation program has seen a lot of progress, including Nickel Smelting Plant and Hush, the commercial service of the first high-speed railway in Southeast Asia, which is carrying about 10 million passengers from October 2023. Indonesia wants a big role in Chinese’s rapidly growing electric car manufacturers nickel and other raw materials supply. On Sunday, Sabiento hosted Lee at a ceremony at Merdeka Palace in Jakarta. Lee is also going to meet members of Indonesian Parliament on Sunday. He will go to Malaysia on Monday, where he and Prime Minister Anwar Ibrahim will address the ASEAN-GCC-China Economic Summit, which will participate in leaders of South East Asian countries and Gulf Cooperation Council.
