China Chamber of Commerce in Indonesia Raises Concerns Over Business Environment in the Country

Indonesia’s Finance Minister Purbaya Yudhi Sadewa has defended the country’s natural resources and foreign investment policies following complaints by Chinese firms. Purbaya emphasized Jakarta’s commitment to national control over minerals, indicating that foreign investors could explore other options if Indonesia’s policies were no longer favorable. The China Chamber of Commerce in Indonesia (CCCI) expressed concerns about “excessively stringent regulation, over-enforcement, and corruption and extortion” faced by Chinese-invested companies. These issues were said to have disrupted normal operations and eroded long-term investment confidence among Chinese businesses in Indonesia. The CCCI highlighted the contributions of Chinese firms to Indonesia’s economy, job creation,…