China's investment in Indonesia reaches $7.4 billion, making it the second largest investor in the country

According to Nuru Ikhwan, an official in charge of investment planning at the Indonesian Investment Coordinating Board, Chinese investment in Indonesia in 2023 amounted to $7.4 billion. China continues to be the second largest source of foreign investment in Indonesia. According to Nuru, Chinese investors always come up with sophisticated investment plans and focus on efficiency, and are able to implement the plans in a short period of time. He believes that many Chinese investment projects are located in the relatively underdeveloped eastern region of Indonesia, which is conducive to Indonesia's promotion of balanced regional development. Nuru said he believes that Chinese investment in Indonesia will further increase in 2024.

Source: Xinhua News Agency