(Jakarta) Zhou Hui, President of China Chamber of Commerce for Import and Export of Medicines and Health Products, Luo Yang, Deputy Secretary-General, Yu Qianqian, Deputy Director and other entrepreneurs of China Chamber of Commerce for Import and Export of Medicines and Health Products, visited Indonesian Chinese Entrepreneur Association at 3 pm on March 24, 2025 (Monday). They were warmly welcomed by General Chairman Zhang Jinxiong, Secretary-General Zhou Weiliang, Forever Honorary Chairman Xu Jinxiang, Vice Chairman Xue Tianzeng, Lian Jiehao, Vice Chairman Shang Shangxuan, Wang Lisong, Xue Jingyong. Representatives of both sides had cordial exchanges and enhanced cooperation.
General Chairman Zhang Jinxiong said that he was very happy to welcome our old friend President Zhou Hui and friends from the pharmaceutical industry to Indonesia and our chamber of commerce today. Here, on behalf of Indonesian Chinese Entrepreneur Association, I would like to extend a warm welcome and sincere greetings to all guests!
As the largest economy in ASEAN and the fourth most populous country in the world, Indonesia's economic growth rate has remained above 5% all year round. Whether in terms of resource endowment or economic output, Indonesia is the leader in the entire ASEAN. Indonesia's population, territory, and GDP account for 40% of the entire ASEAN region. Last year, Indonesia's economic output was approximately US$1.4 trillion, and its per capita GDP was close to US$5,000. Among Indonesia's total population of 280 million, more than half are young people under the age of 30. This large and young population structure provides long-term growth momentum for our pharmaceutical and health industry.
Zhang Jinxiong said that in recent years, Indonesia's pharmaceutical market has maintained rapid development. The Indonesian government is increasing its investment and construction in basic medical care and social welfare. Since 2014, it has implemented the universal health insurance plan BPJS, which now covers more than 230 million people. This year, the Indonesian government launched a national free physical examination plan, promising to provide citizens with a free health examination once a year, and it is expected to cover 200 million people in the next five years.
Currently, Indonesia is in a period of opportunity for economic and social prosperity, and the relationship between India and China is also in its best period in history. In recent years, investment and trade between the two countries have continued to deepen, and cultural exchanges have become increasingly close. China has been Indonesia's largest trading partner for 12 consecutive years and is also one of Indonesia's most important sources of investment. In 2024, the trade volume between the two countries reached US$147.8 billion. Last year, mainland China invested US$8.1 billion in Indonesia, and Hong Kong, China invested about US$8.2 billion, setting a new record.
Over the years, we are very happy to see that more and more Chinese companies have chosen to actively "go overseas" and regard Indonesia as an important stop for overseas layout. Here we sincerely welcome Chairman Zhou to lead our vast, outstanding, and pharmaceutical entrepreneurs to invest and build factories in Indonesia to share Indonesia's development dividends!
Zhang Jinxiong further pointed out that Indonesian Chinese Entrepreneur Association will continue to provide platform services as always, and provide necessary support and assistance for everyone to land in Indonesia. It is hoped that both sides can find their favorite partners, jointly explore overseas markets, and contribute positive forces to improve the health of the people of the two countries! Finally, I wish Chairman Zhou and all the guests a successful and fruitful trip to Indonesia.
President Zhou Hui said that the China Chamber of Commerce for Import and Export of Medicines and Health Products (hereinafter referred to as the "China Chamber of Commerce for Import and Export of Medicines and Health Products") was established on May 22, 1989. It is a national, industry-based and non-profit social organization voluntarily formed by various economic organizations engaged in the research and development, production, trade, investment and related activities of medicines and health products.
Zhou Hui said that this visit to Indonesia hopes to further strengthen cooperation in the field of medicines and health products and explore the future development of China and Indonesia in this field. It is hoped that through this visit, investment information overseas can be sought and cooperation with Indonesian Chinese Entrepreneur Association can be further strengthened.
