Indonesia wants China to build Indonesia into an Asian production base

Indonesian president Joko Widodo expressed on Monday his hope that China will build Indonesia into an Asian production base with ever increasing economic cooperation between the two countries.

Widodo made his statement during a meeting with the visiting chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), Yu Zhengsheng, said Indonesian foreign minister Retno Marsudi.

Addressing a press conference after the meeting between Widodo and Yu, Marsudi said that China’s increasing overseas investment makes it possible to have more factories built in Indonesia. “The Indonesia president has expressed his hope that the targets of the economic cooperation between the two countries to be met,” Marsudi said.

According to the minister, Indonesia and China have proposed to expand two-way trade and mutual visits to reach targets of US$150 billion and 10 million, respectively, before 2020.

Widodo and Yu agreed that the two countries will strengthen cooperation in the field of maritime infrastructure, power supply, people-to-people contact as well as the state-owned companies of the two countries, Marsudi added.

SOURCES – WantChinaTimes