US$33b China deals for Indonesia
JAKARTA: Indonesian companies secured US$32.8 billion (RM105 billion) of financing and investment from Chinese firms yesterday during a state visit by President Xi Jinping, an Indonesian government official said.
Xi, in his first visit as president to Southeast Asia's biggest country, became the first foreign leader to address Indonesian lawmakers in Parliament.
He said China hoped trade with Asean would reach US$1 trillion by 2020, from US$320 billion in 2012, according to Asean's website.
Negotiated by companies including state-owned firms and privately held Sinar Mas Group, deals included a US$1.8 billion loan to PT OKI Pulp & Paper Mills to build a mill in Sumatra, and funding for five Boeing 777-300 ER planes for PT Garuda Indonesia. Reuters