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China, Indonesia seal $10 bln in deals focused on green energy and tech
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China, Indonesia seal $10 bln in deals focused on green energy and tech
Nov 10, 2024 4:19 AM

BEIJING, Nov 10 (Reuters) - China and Indonesia signed

deals worth $10 billion at the Indonesia-China Business Forum in

Beijing on Sunday, spanning sectors including food, new energy,

technology, and biotechnology, Chinese state media reported.

The forum followed a meeting on Saturday between Chinese

President Xi Jinping and Indonesian President Prabowo Subianto,

who is in China through Nov. 10, the first country he has

visited since taking office last month.

Prabowo, who won Indonesia's presidential election in

February, also chose China as the first country to visit as

president elect, underscoring Jakarta's commitment to

strengthening its strategic ties with Beijing.

In a joint statement issued after the leaders' meeting, the

two countries agreed to enhance collaboration in sectors such as

new energy vehicles, lithium batteries, photovoltaics, and the

digital economy.

They also pledged to strengthen the global energy transition

partnership and jointly ensure the security of global mineral

supply and industrial chains, the statement said.

On Sunday, Chinese battery materials producer GEM

signed a deal with PT Vale Indonesia to build a

high-pressure acid leaching plant in Central Sulawesi, partly to

secure nickel resources, a Shenzhen filing showed. Prabowo

witnessed the signing.

The nickel industry in Indonesia, the world's largest

producer of the metal, is dominated by Chinese companies

including Tsingshan Holding Group and Zhejiang Huayou Cobalt

.

In the tech sector, Indonesian tech firm GoTo Gojek

Tokopedia signed agreements with China's Tencent ( TCTZF )

and Alibaba ( BABA ) to develop cloud infrastructure

and digital talent in Indonesia, Reuters reported earlier.

The two countries will introduce visa measures, including

multi-entry long-term visas, and encourage more direct flights

and destinations based on demand, the joint statement showed.

Other cooperation agreements signed during Prabowo's visit

include collaborations in housing and the export of fresh

coconuts from Indonesia to China.

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