Chinese foreign direct investment in Indonesia now dwarfs U.S. investment by $1.4 billion Figures show that in the space of three years, the U.S. has lost significant ground to China in terms of foreign direct investment in Indonesia. Last year, direct investment from the U.S. was worth $2 billion, according to the Indonesia Investment Coordinating Board, while Chinese foreign direct investment was $3.4 billion.
Indonesia must maintain the pace of economic reform established under President Joko Widodo and "stand up to protectionist voices who advocate for special interest under the guise of nationalism". Indonesia’s local content regulations -- which saw Apple Inc.’s market access curbed before the company built a domestic research facility -- as "a real deterrent" to foreign participation in the Indonesian economy.
Indonesia's Minister for Industry Airlangga Hartarto said on Monday (Feb 19) that Indonesia has also encouraged Singapore to continue developing industrial parks in North Kalimantan, North Sumatra and North Sulawesi, with an integrated concept similar to that in Kendal Industrial Park in Semarang, Central Java.