Forum hails progress in Sino-Indonesia cooperation

China and Indonesia's deepening strategic partnership is delivering gains for Southeast Asia's largest economy as the two nations enter the final year of the Action Plan for the Indonesia-China Comprehensive Strategic Partnership 2020-2023. The progress was highlighted at a forum held in Beijing, where officials from both countries emphasized the importance of strengthening economic ties, particularly in the areas of trade, investment, and infrastructure development. The forum noted that China has emerged as one of Indonesia's largest trading partners, with bilateral trade reaching over $70 billion in 2022. Additionally, Chinese investment in Indonesia has been increasing, with a focus on key sectors such as energy, manufacturing, and transportation. The cooperation between the two nations is also expected to have a positive impact on the regional economy, as Indonesia's growth is likely to have a ripple effect on other Southeast Asian countries.