6th China Trade Expo Opens in Indonesia
At the Jakarta International Expo, the 6th China (Indonesia) Trade Expo (referred to as the "Indonesia Expo") grandly opened, attracting nearly 400 enterprises from Guangdong, Zhejiang, Jiangsu, Sichuan, Jiangxi and other regions to participate, with an exhibition area of over 15,000 square meters and more than 500 booths. This grand event showcased tens of thousands of manufactured products from China, demonstrating the strength and charm of Made in China to Jakarta. As the fourth most populous country in the world and the largest economy in ASEAN, Indonesia's
China-Indonesia Cooperation: Safe Operation of Jakarta-Bandung High-Speed Railway Continues to Progress
Indonesia's Low-Cost Nickel Shakes Global Markets, Mining Giants Face Dual Crisis
March 15: Indonesia Manufacturing Practical Forum
March 1, Guangdong Business Community Chinese New Year Gathering in Jakarta
The Future of Indonesia's Retail Industry: A Fusion of Tradition and Modernity
Indonesia's retail industry is undergoing a significant transformation, combining traditional models with modern convenience. According to Bank Indonesia, retail sales in December 2023 grew by 4.9% month-on-month, driven by holiday promotions, marking the largest increase in eight months. Traditionally dominated by community markets and grocery stores, the industry has been modernized in recent years by government policies and an influx of foreign capital. A 2021 McKinsey study shows that 77% of retail transactions in Indonesia are conducted through traditional channels, while modern channels such as supermarkets and hypermarkets account for only 23%. To unleash
Indonesia's 2023 Export Growth Driven by Policies and Enhanced Global Cooperation
According to the latest data released by the Central Bureau of Statistics of Indonesia, the country's export volume in 2023 increased by 8.55% year-on-year compared to 2022, with December exports reaching as high as US$22.41 billion, marking the 44th consecutive month of trade surplus since May 2020. Febrio, Head of the Fiscal Policy Agency of Indonesia, pointed out that the positive export trend in 2023 reflects the strong adaptability of Indonesia's economic development. To expand export trade, Indonesia has been continuously advancing relevant policies and measures in recent years, establishing specialized institutions such as trade promotion centers.
TikTok Acquires Tokopedia Stake, Reshaping Indonesian E-Commerce
February 1 News - According to the latest disclosed transaction details, Indonesia's tech leader GoTo has announced to the world that TikTok has successfully completed the acquisition announced last December. Specifically, TikTok invested $840 million to acquire a 75.01% stake in GoTo's e-commerce business, Tokopedia. After the completion of this acquisition, TikTok Shop's operations in Indonesia will be fully merged with Tokopedia. The newly merged entity, PT Tokopedia, will be controlled by TikTok,
Slowing EV Demand, Nickel Price Plunge, Indonesian Companies Worried
According to a report by Yonhap News Agency on January 23, citing Jakarta Globe and Bloomberg, the nickel price on the London Metal Exchange the previous day was $16,007 per ton, half of what it was a year ago and the lowest level since 2021. Indonesian companies, the world's largest nickel producers, are deeply concerned. Experts explain that this sharp price drop is due to slower-than-expected electric vehicle demand, leading to an oversupply of nickel, a key mineral for EV batteries. Global EV sales increased from 10.5 million units in 2022 to 13.8 million units last year, a growth of about 31%. However, the growth rate slowed to half of the 61.5% increase in 2022 compared to the previous year. It is forecasted that EV sales growth will further slow to around 20% this year. Additionally, the world's largest automaker BYD uses low-cost lithium iron phosphate batteries that do not require nickel, and Tesla has also introduced products using lithium iron phosphate batteries, reducing nickel demand and leading to price declines. The Indonesian Mining Association stated that illegal nickel exports also negatively impact nickel prices, as smuggling yields higher profits, perpetuating a vicious cycle of further international price declines.
3rd Overseas Chinese Fair (Jakarta) Smart Technology Exhibition
Click this link to register China-Indonesia Smart Technology Industry Forum & The 11th International Civil Exchange Roundtable November 28, 14:30-16:30 | Jakarta International Expo (JIEXPO) Hall A3 The China-Indonesia Smart Technology Industry Forum & The 11th International Civil Exchange Roundtable is centered around the theme of "Smart New Era, Technology Wins the Future". With the continuous advancement of artificial intelligence technology