"With the Chinese economy growing at this rate, commodity prices will rise and perhaps our non-oil and gas exports will see positive growth by the end of this year," Finance Minister Chatib Basri said.Jakarta (ANTARA News) - Indonesia expects its non-oil and gas exports to increase in view of the 7.5 percent growth rate of the Chinese economy in the second quarter, according to Finance Minister Chatib Basri.
"With the Chinese economy growing at this rate, commodity prices will rise and perhaps our non-oil and gas exports will see positive growth by the end of this year," he stated here on Wednesday.
However, Basri said he could not get too optimistic about the Indonesian economy solely on the basis of the latest data from China, because of continuing global economic uncertainties.
"I am not so optimistic also because China`s economic growth was been revised down to 7.5 percent from 7.7 percent at the G20 meet," he said.
China is one of Indonesia`s major non-oil and gas export destinations, besides Japan, the United States, and the ASEAN countries.
With China`s economic growth rate recorded at 7.5 percent in the second quarter, the country`s economy grew at an average of 7.6 percent in the first half of this year.
In an effort to assure the world that China`s economy is going strong, the country`s prime minister, Li Keqiang, said the Chinese economy would grow at an average of 7.5 percent this year irrespective of the global economic situation.
"Our progress rate has convinced us that we can achieve our social and economic development targets," he added.
Although Wall Street share prices rose on Wednesday morning, driven by positive economic data from China and lessening of tensions in Syria, Apple shares dropped after the launch of its new iPhone. (*)
Editor: Heru Purwanto
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