Why Indonesia Is Chasing China's Billions
- Singapore, Japan, China are biggest investors in Indonesia
- As China investment in Indonesia surges, U.S. inflows slide
Indonesian President Joko Widodo arrives at the Hangzhou Exhibition Center to participate in G20 Summit on Sept. 4, 2016 in Hangzhou, China.
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China’s investment in Indonesia has more than doubled since 2015 as President Joko Widodo’s five meetings with Xi Jinping in the past two years start to pay off.
Foreign direct investment from China stood at $1.6 billion in January to September, up from about $600 million for the whole of last year, according to figures from the Indonesia Investment Coordinating Board. Chinese investors pledged $6.1 billion in investment in Indonesia in the nine-month period.