Beijing (ANTARA News) - Indonesia is doing its best to attract investors from the China International Fair for Investment & Trade (CIFIT) being held in Xiamen, China, from Sept 8 to 11, 2018.

"Last year, about 120 thousand people visited the fair, with about five thousand firms exhibiting products. This year, the fair is predicted to be attended by more visitors and companies, and so it is very strategic for us to attract investors," Indonesian Ambassador to China, Djauhari Oratmangun said here on Tuesday.

The Xiamen fair, which is held in the Fujian Province, will also organize an international investment seminar and business forum at the Xiamen International Conference and Exhibition Center.

During the investment seminar, Thomas Lembong, the head of the Indonesian Investment Coordinating Board (BKPM), stated that the biggest threat now is the excessive dependence on US dollar.

He noted that the dependence has put a heavy financial burden on the developing countries which contribute 60 percent to the world economic growth.

The BKMP chief, therefore, asked developing countries to diversify their investment, trade, and tourism to avoid the adverse effect of the US dollar and take other currencies, such as pound sterling, euro, yen, and renminbi or yuan.

According to him, Indonesia has a good relationship with China.

After all, Indonesia is a country with 260 million people (the fourth largest population in the world, of which 60 percent are under 30 years old). It is the 16th largest economy with GDP above Rp1 trillion and economic growth above 5 percent.

"We are ready to develop further cooperation with China and various countries in the world to support each other," he remarked.

During the visit to China, Lembong also attended a market sounding event organized in cooperation with the Indonesian Consulate General in Guangzhou and BKPM.

"We have made a lot of efforts to improve the investment climate that is recognized by agencies in the world. Indonesia`s stable economy and good growth and the establishment of the `Indonesia Infrastructure Guarantee Fund` will provide better confidence to investors," the Indonesian Consul General for Guangzhou Gustanto explained at the event, which was attended by more than 50 Chinese businessmen.

While in another place in Xiamen, Oratmangun, Chairman of the Chamber of Commerce for Investment Reza Maspaitella, and the Papua Provincial Government had the opportunity to hold a meeting with the Xiamen Free Trade Zone and Shenzhen Fountain Group.

The meeting was part of encouraging the Shenzhen Fountain Group and the Xiamen Free Trade Zone to invest in Papua and Maluku.

Reporting by M. Irfan Ilmie

Reporter: Antara
Editor: Andi Abdussalam
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