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2d ago

China and Indonesia Deepen Economic Ties with Focus on 'True Multilateralism'

Chinese Premier Li Qiang and Indonesian President Prabowo Subianto discuss expanding trade and investment during Jakarta meeting, emphasizing cooperation amid global trade tensions.

Chinese Premier Li Qiang, right, with Indonesian President Prabowo Subianto, inspects honor guards during the welcoming ceremony ahead of their meeting in Jakarta, Indonesia, Sunday, May 25, 2025. (AP Photo/Achmad Ibrahim)
Image
Chinese Premier Li Qiang attends the 27th ASEAN-China Summit at the National Convention Centre in Vientiane, Laos, October 10, 2024. REUTERS/Athit Perawongmetha/File Photo
Chinese Premier Li Qiang, right, with Indonesian President Prabowo Subianto, inspects honor guards during the welcoming ceremony ahead of their meeting in Jakarta, Indonesia, Sunday, May 25, 2025. (AP Photo/Achmad Ibrahim)

Overview

  • Chinese Premier Li Qiang met Indonesian President Prabowo Subianto in Jakarta on May 25, 2025, to strengthen economic cooperation between the two nations.
  • Both leaders agreed to promote 'true multilateralism' as a response to rising unilateralism and protectionism in global trade.
  • China has been Indonesia's largest trading partner for nine consecutive years, with bilateral trade exceeding $147.8 billion in 2024, growing by 6.1%.
  • Li highlighted China's rapid economic growth despite external challenges and invited further Indonesian participation in Belt and Road projects.
  • Indonesia seeks increased Chinese investment, particularly in raw materials like nickel, to support its growing role in the electric vehicle industry.