(Jakarta News) Vice Mayor of Yantai City, Vice Mayor of Foreign Affairs Office Li Ming, Director of the State-owned Assets Supervision and Administration Commission Wang Hao, Deputy Director of the European and American Section of the Bureau of Commerce, Jia Shuling, Deputy Director of the Business Bureau, Liu Chongwen, and Director of the Foreign Trade Section of the Weihai Municipal Bureau of Commerce Lu Shaobing and other entrepreneurs and 9 people visited t Indonesian Chinese Entrepreneur Association at 5 pm on November 13 (Wednesday), and received Vice President Wang Zhenkun, Counseling Chairman Wu Guangtao, Everlasting Honorary Chairman Yang Xiuzhen, Secretary General Zhou Weiliang, Chen Shedong and Wang Lisong. Wang Chaosheng, Wang Qiang, Shang Xuan, Gao Pengxing, Lin Songshi, Li Wenhao and Chen Yongzhi warmly welcomed.
Wang Zhenkun said that Indonesia and China have had close economic and trade cooperation since ancient times. Nowadays, it is because of the 21st century Maritime Silk Road, which is full of vitality in a new era. As one of the most important partner countries along the “Belt and Road”, we have witnessed the cooperation and development between the two countries over the past few years. Since 2016, China has become Indonesia's third largest source of investment. In the first half of 2019, the investment from mainland China reached 2.29 billion US dollars.
In 2018, the bilateral trade volume between Indonesia and China reached US$6,694 million, an increase of 22.5% year-on-year. China has been ranked as the largest international trading partner of Indonesia for several consecutive years. In 2018, there were more than 2 million business travelers from China. China and Indonesia are in close cooperation in regional affairs, economic and trade cooperation, and social and cultural exchanges.
He said that today, Vice Mayor Wang Zhong led a delegation to visit Jakarta. We are very happy and sincerely hope to establish and maintain good communication and cooperation with Yantai City. Indonesian Chinese Entrepreneur Association will play a good bridge for economic and trade cooperation and business exchanges between Indonesia and China, and will come to Indonesia to inspect, invest and provide necessary services.
Wang Zhong first thanked the directors of Indonesian Chinese Entrepreneur Association for their hospitality and briefed, and through this exchange, briefed Yantai on the fruit and sea industry, manufacturing, automobile, shipbuilding, electronic information industry, chemical industry, food industry, etc. The latest developments.
In addition to visiting Shandong folks and entrepreneurs of Indonesian Chinese Entrepreneur Association, Indonesia also hopes to increase trade between Indonesia and Yantai. Last year, the total import and export trade between the two places reached 3 billion U.S. dollars. At present, Indonesia’s investment in Yantai is 8,000. With more than US$ 10,000, Yantai’s investment in Indonesia has also increased. It is hoped that this exchange will further strengthen the economic and trade exchanges between Indonesia and Yantai, and sincerely invite Indonesian enterprises to visit and invest in Yantai City.
Later, Lu Shaobing, the head of the Foreign Trade Section of the Weihai Municipal Bureau of Commerce, briefly introduced the local development.
