Country: Indonesia
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China, Indonesia Sign Broad Cooperation Agreements
Chinese Premier Li Qiang and Indonesian President Prabowo Subianto signed memoranda of understanding this weekend, which could result in broad-based cooperation. They pledged to work together on boosting tourism, agricultural exports, traditional and contemporary medicine, investment, and media collaboration. This cooperation ...
Indonesia’s Prabowo Calls for Closer Ties With China While Signaling Drift From the United States
At a moment when many middle-power states are intentionally avoiding rhetoric that could draw their countries into the rivalry between the United States and China, Indonesia's Prabowo Subianto went the other way this weekend with a full-throated embrace of Beijing that also appeared intended to send a powerful ...
Indonesia, China Expand QRIS, Cross-Border Payment in Local Currency
Indonesia and China have renewed and expanded a key financial agreement to promote the use of local currency in bilateral transactions and cross-border payments QRIS. Bank Indonesia and the People's Bank of China signed the updated Memorandum of Understanding (MoU) at the Merdeka Palace in Jakarta ...
Indonesia, China Agree to Bolster Ties Ahead of ASEAN Summit
Chinese Premier Li Qiang warned on Sunday that the rise of "unilateralism and protectionism" could threaten the global economic and trade order, as he reaffirmed Beijing's ties with Jakarta on Sunday during his visit to Indonesia ahead of a regional summit in Kuala Lumpur. ...
U.S. Tariff Tensions Test Southeast Asian Leaders at Regional Summit
By Jan Hennop in Kuala Lumpur and Martin Abbugao in Singapore Southeast Asian leaders will express deep concern over U.S. President Donald Trump's tariff blitz when they meet at a summit Monday, warning that the unilateral move poses huge challenges to ...
China and ASEAN Finalize Free Trade Agreement Third Upgrade
China and the Association of Southeast Asian Nations (ASEAN) have concluded negotiations on the upgraded China–ASEAN Free Trade Area (CAFTA 3.0). The new CAFTA 3.0 deepens regional economic integration by expanding digital trade, green development, and cross-border supply chain cooperation commitments. ...
Chinese EV Battery Giant CATL Shares Surge in Hong Kong IPO
Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest EV battery manufacturer, saw its shares surge more than 16% during its debut on the Hong Kong Stock Exchange on Tuesday, following a $4.6 billion initial public offering (IPO). The listing ...
Critical Mineral Resource Nationalism: What It Means for China and the Global South
Driven by the accelerating global energy transition, resource-rich countries are actively asserting greater control over their critical minerals—lithium, cobalt, nickel, graphite, and rare earths—through a policy shift known as resource nationalism. While the framing of resource nationalism came from global north countries that dislike policies by ...
Chinese EV BYD Dethroned Toyota in Singapore 2025 Car Sales, Signals EV Shift
Chinese electric vehicle giant BYD has become the best-selling car brand in Singapore for the first time, surpassing Toyota and far outselling Tesla in the first four months of 2025, according to newly released government data. The milestone marks a significant ...
Chinese EV BYD Dethroned Toyota in Singapore 2025 Car Sales, Signals EV Shift
Chinese electric vehicle giant BYD has become the best-selling car brand in Singapore for the first time, surpassing Toyota and far outselling Tesla in the first four months of 2025, according to newly released government data. The milestone marks a significant ...
China’s Global Power Plant Investment is Shifting—But Will the Scale Follow?
By Diego Morro In a recent virtual meeting with world leaders on Climate and the Just Transition, Chinese leader Xi Jinping stated that China will not slow its climate efforts or reduce support for international cooperation. This builds on his ...
Chinese EV BYD Surges in Indonesia With Record EV Imports and Soaring Sales
Chinese EV electric vehicle (EV) makers, led by BYD, are accelerating their presence in Indonesia with an import-heavy strategy, challenging legacy brands in the country’s rapidly expanding EV segment. While Japan still dominates the overall market, China’s entry, particularly through fully ...