Country: Indonesia

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Indonesia to Renegotiate China Rail Loan, 5.1m Riders This Year

Indonesia’s Jakarta–Bandung high-speed rail “Whoosh” carried 5.1 million passengers in January–October 2025, 6.3% more than a year earlier. The record lifts total ridership to more than 12.2 million since it opened on Oct. 17, 2023, the operator PT Kereta Cepat Indonesia China (KCIC) said.

China Drops EVs From 2026–2030 Strategic Industry List

China has published its economic and industrial priorities for 2026–2030 without explicitly naming new energy vehicles (NEVs) or electric vehicles (EVs) among the “strategic emerging fields” it wants to accelerate. This signals that carmakers will have to compete under tighter national ...

As Indonesia Seeks to Restructure Rail Debt, China May Use Talks to Broaden Yuan’s Global Role

Indonesian debt talks with Chinese creditors over restructuring $7.3 billion of loans used to build the Southeast Asian country's high-speed railway are on track, according to sources on both sides, but there are some confusing signals emanating from the negotiations. Luhut ...

Indonesia Raises $842 Million in First-Ever Yuan Bonds

Indonesia raised about $842 million, equal to 6 billion yuan, by selling bonds to international investors denominated in China’s currency, the yuan, for the first time. The sale marks the first time Indonesia has borrowed in yuan. These yuan-denominated bonds ...

China Drives Indonesia’s Push for Clean Energy and More Coal

China sits at the heart of Indonesia’s energy paradox — driving the country’s ambitious shift toward renewables while remaining deeply entrenched in its coal economy. Chinese financing and technology are accelerating Indonesia’s clean energy buildout, from nickel refining to electric vehicles ...

Analysis from Cobus van Staden

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This means that countries are now routinely paying more to service loans than they receive in disbursements.

The vast majority of Global South borrowers ...

Indonesia Rejects U.S. Bid to Ban Chinese Ships in Tariff Talks

Indonesia Rejects U.S. Bid and pressing U.S. trade officials to allow the use of Chinese-flagged or China-built ships for its Washington-bound exports, warning that it “don’t want to give in to all their demands” as the two sides finalize a 19% tariff deal, senior officials said. ...

China Signals Support for Indonesia HSR; Debt Under Review

China said it is ready to help keep Indonesia’s Jakarta–Bandung high-speed line running smoothly as Jakarta opens talks to restructure project loans. In Beijing on Monday, Foreign Ministry spokesperson Guo Jiakun emphasize that when evaluating high-speed rail projects, Indonesia and China ...

Indonesian J-10C Plan: Interoperability and Strategic Independence

The Indonesian J-10C plan has sparked a broader debate about how Jakarta maintains its strategic independence while ensuring all systems are aligned and interoperating smoothly. The rumor started with a line that sounded casual enough: Indonesia’s new Chinese-made J-10C fighter ...

Indonesia Confirmed 42 Chinese J-10C Jets Buy in $9 Billion Deal

Indonesia confirmed the purchase of 42 Chinese-made J-10C “Vigorous Dragon” fighter jets, ending months of speculation about the deal. “They will be flying over Jakarta soon,” Defense Minister Sjafrie Sjamsoeddin said Wednesday at the ministry’s headquarters, announcing the agreement reached ...

Indonesia Deepens Ties With China to Grow $3 Trillion Halal Market

Indonesia is strengthening its position as a global center for halal business, a market currently worth $3 trillion and projected to reach $4.5 trillion by 2030. Halal refers to products and practices that comply with Islamic law, including food, pharmaceuticals, cosmetics, and financial services, ensuring they ...

China EVs in Indonesia: Chery Tops September, Local Assembly Rises

The competition among China's EVs in Indonesia tightened in September. Indonesia’s automakers’ association, Gaikindo, announced that Chery tops September, BYD still leads the year, and the contest is shifting from imports to local assembly. Local assembly can cut taxes ...

Indonesia Weighs Dual Strategies With China to Keep Whoosh High-Speed Rail on Track

Indonesia and China are negotiating with China’s economic planner, the NDRC, to address a funding shortfall for the Jakarta–Bandung high-speed rail project, known as "Whoosh." The gap emerged after costs rose by about $1.2 billion, while ticket sales fell short of loan payments.
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