China and Indonesia Forge $10 Billion Partnership to Strengthen Strategic Ties

China and Indonesia signed $10 billion in deals at the Indonesia-China Business Forum, covering food, energy, technology, and biotechnology. During his visit, Indonesian President Prabowo Subianto emphasized Indonesia's dedication to enhancing ties with China. The agreements aim to bolster collaborations in sectors like digital economy, new energy, and industrial supply chains.

China and Indonesia have inked deals worth a total of $10 billion during the Indonesia-China Business Forum held in Beijing, Sunday. These agreements cover critical sectors such as food, new energy, technology, and biotechnology, as reported by Chinese state media.

The forum follows a strategical meeting on Saturday between Chinese President Xi Jinping and Indonesian President Prabowo Subianto, marking Subianto's first international trip since taking office last month. The leaders emphasized their countries' commitment to enhancing strategic ties, with specific focus on new energy vehicles, lithium batteries, and the digital economy.

In a testament to growing bilateral cooperation, Indonesian tech firm GoTo Gojek Tokopedia signed landmark agreements with Chinese tech giants Tencent and Alibaba. Other deals included direct flights, multi-entry visas, and an export agreement involving fresh coconuts, further solidifying these strategic alliances.

(With inputs from agencies.)