Keynote Speech by H.E. Li Keqiang Premier of the State Council of the People's Republic of China At the China-Indonesia Business Summit
Jakarta, 7 May 2018
Your Excellency Vice President Jusuf Kalla,
Ladies and Gentlemen,
It gives me great pleasure to pay an official visit to Indonesia at the invitation of President Joko Widodo and to meet with business leaders of the two countries. On behalf of the Chinese government, I wish to express warm congratulations on the opening of the business summit. I would also like to pay tribute to all those who have long worked for the friendship and cooperation between China and Indonesia.
Indonesia is a developing country and an emerging market economy carrying significant weight in the world. With sustained fast growth at around 5% in recent years, Indonesia, the Emerald of the Equator, is shining ever more brightly.
China highly values its relations with Indonesia. During President Xi Jinping's visit to Indonesia in 2013, the two sides reached broad, important agreement and charted a course for the development of China-Indonesia relations. I consider myself a friend of the Indonesian people. I am glad to make this country the first stop of my first overseas visit in my new term as Chinese Premier.
With the joint efforts of both sides, our bilateral relations have embarked on a fast lane of growth. Business cooperation has been the most vibrant and productive component of overall relations. China has been Indonesia's biggest trading partner for seven years. Two-way trade registered a year-on-year growth of 28% in the first quarter of this year, and has been moving toward greater balance. China is also a major source of foreign direct investment (FDI) in Indonesia. Chinese FDI rose more than 30% last year and investment stock exceeded 10 billion US dollars.
Solid progress is being made in flagship infrastructure projects, such as the Jakarta-Bandung high-speed rail. I'm glad to note that our joint project, the Surabaya-Madura Bridge, which I visited ten years ago when it was still under construction, has become a symbol of development and prosperity of the local people. The two countries have also enjoyed close people-to-people exchange. China is the biggest source of foreign visitors in Indonesia. Last year alone saw over two million visits by the Chinese to Indonesia.