A senior advisor at Lab 45 predicted that President-elect Prabowo will follow in the footsteps of his predecessor, President Joko Widodo, after taking office. One thing worth emphasizing is the issue of investment; he believes Indonesia's eighth president will still pay attention to investment from China. If he predicts what Prabowo will do, geopolitical dynamics will bring funds into Indonesia, but still from China, still from petrodollars.Even so, he believes that Prabowo will not follow Joko Widodo's approach regarding Saudi Arabia or the UAE; he estimates that Prabowo will seek more investment from Qatar. In the past, Joko Widodo leaned toward Saudi Arabia and the UAE, while Prabowo will lean toward Qatar. Then regarding Western Europe, their performance is mediocre, and obtaining investment from them is very difficult. Furthermore, the geopolitical dynamics Prabowo will face in the future are more complex, so the options for attracting foreign investment to Indonesia will be more limited than when President Joko Widodo first took office in 2014. Considering that the war between Russia and Ukraine is still ongoing, and Israel's invasion of Gaza is currently escalating to Lebanon, Yemen, Syria, and Iran. The worst-case scenario is a severe global situation; Indonesia is not at war with anyone, but the US and Australia must compete in the local region to secure their interests in East Asia, which is their only concern.
The economic relationship between Indonesia and China is said to have entered a golden era under the leadership of President Joko Widodo and the Chinese leader. The economic and commercial counselor at the Chinese Embassy in Indonesia stated that this is evident from the rise in China's investment ranking, which is now in second place. According to data from the Investment Ministry/BKPM, China's investment in 2022 and 2023 reached USD 8.2 billion and USD 7.4 billion, respectively, ranking second nationally. This ranking increased compared to 2021, when China's investment of USD 3.1 billion ranked third. During Joko Widodo's decade in office, the economic relationship between Indonesia and China entered a golden era, with investment achievements rising from 12th place to second place, only behind Singapore. Investment cooperation has become an accelerator for the golden decade and is key to Indonesia's economic development. The growth of Chinese investment in Indonesia has also been supported by the downstream policy promoted by President Joko Widodo, to which Chinese investors have responded most positively. He cited the development of Morowali Regency, which is very different from a decade ago; Morowali, once dominated by fishermen, now successfully produces industrial products.
A senior advisor at Lab 45 predicted that President-elect Prabowo will follow in the footsteps of his predecessor, President Joko Widodo, after taking office. One thing worth emphasizing is the issue of investment; he believes Indonesia's eighth president will still pay attention to investment from China. If he predicts what Prabowo will do, geopolitical dynamics will bring funds into Indonesia, but still from China, still from petrodollars.Even so, he believes that Prabowo will not follow Joko Widodo's approach regarding Saudi Arabia or the UAE; he estimates that Prabowo will seek more investment from Qatar. In the past, Joko Widodo leaned toward Saudi Arabia and the UAE, while Prabowo will lean toward Qatar. Then regarding Western Europe, their performance is mediocre, and obtaining investment from them is very difficult. Furthermore, the geopolitical dynamics Prabowo will face in the future are more complex, so the options for attracting foreign investment to Indonesia will be more limited than when President Joko Widodo first took office in 2014. Considering that the war between Russia and Ukraine is still ongoing, and Israel's invasion of Gaza is currently escalating to Lebanon, Yemen, Syria, and Iran. The worst-case scenario is a severe global situation; Indonesia is not at war with anyone, but the US and Australia must compete in the local region to secure their interests in East Asia, which is their only concern.
The economic relationship between Indonesia and China is said to have entered a golden era under the leadership of President Joko Widodo and the Chinese leader. The economic and commercial counselor at the Chinese Embassy in Indonesia stated that this is evident from the rise in China's investment ranking, which is now in second place. According to data from the Investment Ministry/BKPM, China's investment in 2022 and 2023 reached USD 8.2 billion and USD 7.4 billion, respectively, ranking second nationally. This ranking increased compared to 2021, when China's investment of USD 3.1 billion ranked third. During Joko Widodo's decade in office, the economic relationship between Indonesia and China entered a golden era, with investment achievements rising from 12th place to second place, only behind Singapore. Investment cooperation has become an accelerator for the golden decade and is key to Indonesia's economic development. The growth of Chinese investment in Indonesia has also been supported by the downstream policy promoted by President Joko Widodo, to which Chinese investors have responded most positively. He cited the development of Morowali Regency, which is very different from a decade ago; Morowali, once dominated by fishermen, now successfully produces industrial products.