Indonesian President, Chinese premier meet to debate increasing commerce throughout U.S. commerce conflict

Chinese Premier Li Qiang, proper, with Indonesian President Prabowo Subianto, inspects an honor guard through the welcoming ceremony forward of their assembly in Jakarta, Indonesia, Sunday, May 25, 2025.
| Photo Credit: AP

Chinese Premier Li Qiang met with Indonesia’s President Prabowo Subianto on Sunday (May 25, 2025) to debate methods to increase commerce and funding through the US international commerce conflict and as financial globalisation faces headwinds.

Mr. Li arrived in Indonesia’s capital, Jakarta, on Saturday afternoon for a three-day go to to Southeast Asia’s largest financial system. It was the primary cease of his first abroad go to this 12 months.

Indonesia and China are member states of the Group 20 main creating nations and rising economies and of BRICS.

Mr. Li introduced 60 Chinese outstanding businesspeople for his tackle to the Indonesia-China Business Reception on Sunday night. He emphasised in his remarks that China’s financial system has achieved fast progress this 12 months regardless of rising exterior challenges.

“The current international situation is a stalemate,” Mr. Li stated on the occasion which was additionally attended by Subianto, “Unilateralism and protectionism are on the rise, bullying behaviour is increasing.”

Mr. Li famous that this 12 months marks the seventieth anniversary of the Non-Aligned Movement which was held by Asian and African nations in Indonesia’s Bandung metropolis, when the world was at a historic crossroads greater than seven many years in the past.

The Bandung spirit of solidarity, friendship and cooperation has performed a pivotal function within the unity and cooperation of the Global South nations, Mr. Li stated.

“More than seven decades later, the world is once again at an important crossroads,” Mr. Li stated.

He known as on all nations to hunt widespread floor whereas resolving variations by means of dialogue and peaceable coexistence.

Mr. Subianto expressed gratitude to the Chinese authorities and its corporations “that have participated in our economy, created jobs, transferred technology and built trust among all businesses, especially in our homeland.” He additionally invited Chinese businesspeople to speculate extra in Indonesia. Two-way commerce exceeded $147.8 billion final 12 months, rising by 6.1%.

Mr. Li stated for 9 consecutive years, China has been Indonesia’s largest buying and selling associate, and its Belt and Road cooperation program has seen substantive progress, together with nickel smelting crops and Whoosh, the business service of Southeast Asia’s first high-speed railway which has been working since October 2023, carrying almost 10 million passengers.

Indonesia needs a bigger function in supplying nickel and different uncooked supplies to China’s fast-growing electrical automotive makers.

On Sunday, Mr. Subianto hosted Mr. Li in a ceremony at Merdeka Palace in Jakarta. Li can also be scheduled to fulfill with Indonesian parliament members on Sunday. He will head on to Malaysia on Monday the place he and Prime Minister Anwar Ibrahim will tackle the ASEAN-GCC-China Economic Summit, attended by leaders from Southeast Asian nations and the Gulf Cooperation Council.