China`s overseas direct investment (ODI) in Indonesia reached US$590 million in the first seven months of this year, the head of the international trade and economic cooperation department at the Chinese Trade Ministry, Jiang Jiqing said here on Wednesday.
"Hopefully, the figure will continue to increase in line with the Chinese government`s go global policy which encourages Chinese investors to invest overseas," he said at a seminar on investment opportunities in Indonesia.
Meanwhile, Indonesian Ambassador to China and Mongolia Imron Cotan said Chinese investment in Indonesia is still relatively small.
"With its foreign exchange reserves reaching US$3.5 trillion, China`s investment in Indonesia which reached US$1.2 billion in 2011 has not reflected its real potential," he said.
The Chinese investment in Indonesia is still far below that of Singapore, Japan, South Korea and The Netherlands, he said.
"Ideally, Chinese investment in Indonesia should increase by US$2 billion per year," he said.
As Southeast Asia`s largest economy which has gross domestic product of around US$1 trillion, coupled with conducive investment climate and stable macro economic policy and political situation and endowed with abundant natural resources, Indonesia is promising destination of foreign investment, he said. (S012)
Editor: Kunto Wibisono
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