Indonesia and France Reach Multilateral Bilateral Cooperation
Indonesian President Prabowo and French President Macron held a bilateral meeting at the Merdeka Palace in Jakarta, with numerous delegation members in attendance. After the meeting, the two presidents witnessed the signing, presentation, and announcement of 21 agreement documents, covering joint statements, inter-government cooperation, inter-institutional cooperation, corporate cooperation, and central bank cooperation. The two sides first adopted four joint statements, covering the development of the Indonesia-France 2050 strategic partnership, cultural sector strategy, peace in Palestine, and a joint statement by the two presidents, reflecting the alignment of long-term visions and their joint contribution to world peace and cultural development.
China-Indonesia Non-Ferrous Metals and Nickel-Cobalt Forum Held in Jakarta
Six Major Economic Stimulus Policies to Be Implemented in Indonesia Starting June
US-Led Consortium Invests IDR 6 Trillion in Indonesia's New Capital City
Chinese and Indonesian Institutions Collaborate to Train New Energy Vehicle Talents
China and Indonesia Achieve Comprehensive Multi-Sector Cooperation
During Chinese Premier Li Qiang's state visit to Indonesia, multiple cooperation agreements and memoranda of understanding were signed between Indonesia and China. Specific contents include: Antara News Agency signed cooperation agreements with China Media Group and Xinhua News Agency respectively; Indonesia's Ministry of Tourism cooperated with China's Ministry of Culture and Tourism; Indonesia's Quarantine Agency cooperated with China's General Administration of Customs on agricultural product exports; Indonesia's Ministry of Health cooperated with China's National Administration of Traditional Chinese Medicine in traditional medicine, and with China's National Disease Prevention and Control Bureau on tuberculosis prevention. Indonesia's Sovereign Wealth Fund reached an investment cooperation agreement with China Investment Corporation;
Chinese Enterprise Plans to Build International Green Industrial Park
Chinese company GEM Co. Ltd. plans to build an International Green Industrial Park (IGIP) in Morowali, Central Sulawesi, with an estimated investment of USD 8 billion (approximately IDR 129.74 trillion). The initial construction investment is USD 2 billion. The project focuses on battery recycling and zero emissions, aiming to utilize all waste from nickel processing to avoid releasing exhaust gases or carbon into the environment. Previously, GEM invested USD 30 million in building a China-Indonesia joint laboratory at Bandung Institute of Technology (ITB) to cultivate local talent. GEM recovers over 30 rare resources such as cobalt, nickel, and lithium, and processes more than 10% of batteries and electronic waste.
Premier's Visit to Indonesia Launches $10 Billion Investment Projects
The Minister of Investment and Chairman of the Investment Coordinating Board noted that Premier Li Qiang's visit was not merely ceremonial but also brought tangible prospects for cooperation. The $10 billion investment projects previously agreed upon between the two countries have been launched, covering multiple strategic sectors. In addition to ongoing projects, this visit has opened new cooperation opportunities between Indonesia and China in areas such as transportation, industrial cluster development, mineral downstreaming, and chemicals. These new projects are cross-sectoral in nature, involving collaboration among private enterprises, state-owned enterprises, and foreign partners. The Indonesian government emphasized that it will continue to expand economic cooperation with China to strengthen the resilience of its domestic industry and accelerate the downstreaming of natural resources. Regarding foreign policy issues, he stated that Indonesia is primarily focused on deepening a mutually beneficial and win-win bilateral partnership with China.
Premier Attends Symposium with Chinese Enterprises in Indonesia
On the afternoon of May 25 local time, Premier Li Qiang of the State Council attended a symposium with Chinese enterprises in Indonesia in Jakarta, with representatives from China Energy, Huawei, SAIC Motor, New Hope Group, Tsingshan Holding Group, TCL Technology Group, and other companies participating. The Premier pointed out that the current international economic and trade order is being disrupted, industrial and supply chains are fragmenting, and trade barriers are increasing, affecting the economic development of all countries. China has stepped up counter-cyclical macroeconomic adjustments, the economy continues to recover and improve, foreign trade remains resilient, and the country is fully prepared for external shocks. It is introducing measures to stabilize employment and the economy, and is researching and reserving new policy tools. The Premier stated that Chinese e
President Prabowo Meets Premier of the State Council Today
At around 10:00 AM local time (Western Indonesia Time) on May 25, 2025, Indonesian President Prabowo Subianto and Chinese Premier Li Qiang held a bilateral meeting at the Merdeka Palace in Jakarta, with a welcoming ceremony held upon Li Qiang's arrival. After the meeting, the two leaders will witness the signing of a memorandum of understanding between the two countries and issue a joint press statement. Premier Li arrived in Jakarta at 15:21 on May 24, starting a three-day official visit (May 24-26), during which several internal meetings will also be held. Prabowo emphasized that the strategic partnership between Indonesia and China is crucial for regional peace and stability, calling the bilateral relationship highly strategic.
Prabowo Agrees to Let Huayou Take Over Indonesia's Battery Project
President Prabowo recently chaired a closed-door meeting to accelerate downstream development of the domestic electric vehicle battery industry. During the meeting, it was decided that the project originally invested by LG consortium would be transferred to China's Huayou, with an investment value of US$9.8 billion. The Minister of Energy and Mineral Resources stated that the President has approved the project's progression, and Huayou was chosen due to LG's slow progress. This decision was made by the Investment Special Task Force. The meeting also focused on strategic cooperation between Indonesia and China's largest battery manufacturer, CATL. The Minister of Investment and Downstream Industry stated that Indonesia's sovereign wealth fund Danantara will play a key role in this collaboration, promoting project implementation, generating investment returns, creating jobs, and having long-term economic impacts. Through the involvement of Huayou and CATL, the Indonesian government aims to achieve full control over the electric vehicle supply chain from mining to battery production, building an integrated system called the "Green Package."
Chinese Auto Brands See Growth in Indonesia Despite April Market Downturn
In April 2025, Indonesia's automotive market saw significant declines in both wholesale and retail sales, with wholesale down 27.8% month-on-month and retail down 25.5%. Most mainstream auto brands saw sales drop, such as Toyota, Daihatsu, and Honda, while Chinese brands BYD and Chery experienced growth against the trend. In wholesale, BYD rose to 5th place, surpassing Hyundai; Chery climbed to 8th, ahead of Hyundai. Hyundai's wholesale sales stood at 1,607 units, trailing behind BYD's 3,496 and Chery's 1,620. In retail, BYD ranked 6th, Hyundai 7th, and Chery 9th. Hyundai recorded 1,703 retail units, BYD 3,531, and Chery 1,549. Hyundai currently offers a diverse lineup of 11 models in Indonesia, including gasoline, hybrid, and electric versions, such as Venue, Stargazer, etc.; BYD offers 5 models, all electric, namely M6, Sealion 7, etc.; Chery has 8 models, such as Tiggo Cross, Tiggo 8, etc.