JAKARTA. The Investment Coordinating Board (BKPM) recorded investment of US$1.6 billion from China up until the third quarter of last year, making the country the third-biggest investor in Indonesia after Singapore and Japan. “It took only nine months for China to reach third position,” said BKPM third region director Wisnu Wijaya Sudibyo as reported by tempo.co on Friday. The use of Chinese technology in Indonesia contributed to the large amount of Chinese investment in Indonesia, said Wisnu, adding that countries such as Singapore and Japan also used Chinese technology in their products.
China’s investment reaches US$1.6 bln in Indonesia
JAKARTA. The Investment Coordinating Board (BKPM) recorded investment of US$1.6 billion from China up until the third quarter of last year, making the country the third-biggest investor in Indonesia after Singapore and Japan. “It took only nine months for China to reach third position,” said BKPM third region director Wisnu Wijaya Sudibyo as reported by tempo.co on Friday. The use of Chinese technology in Indonesia contributed to the large amount of Chinese investment in Indonesia, said Wisnu, adding that countries such as Singapore and Japan also used Chinese technology in their products.