Indonesia's investment race shaken up by China as Japan fades


Source: asiapedia.net asiapedia.net

Key Topics in this News Article:

News Snapshot:

A nickel smelter in Indonesia: The mineral-rich Southeast Asian nation is attracting Chinese investment. © Reuters KOYA JIBIKI, Nikkei staff writer February 16, 2021 03:23 JST | Indonesia Copy Copied JAKARTA -- China and South Korea have rapidly accelerated investment into Indonesia, official data shows, while Japan recedes as a source of capital for Southeast Asia's biggest economy. Chinese foreign direct investment in Indonesia, including flows from Hong Kong, rose 11% to $8.4 billion last year, according to the Indonesian Investment Coordinating Board. FDI from South Korea jumped 64% to $1.8 billion. This growth contrasts with a clear decline in...