financetom
Business
financetom
/
Business
/
China, Indonesia seal $10 bln in deals focused on green energy and tech
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China, Indonesia seal $10 bln in deals focused on green energy and tech
Nov 10, 2024 4:19 AM

BEIJING, Nov 10 (Reuters) - China and Indonesia signed

deals worth $10 billion at the Indonesia-China Business Forum in

Beijing on Sunday, spanning sectors including food, new energy,

technology, and biotechnology, Chinese state media reported.

The forum followed a meeting on Saturday between Chinese

President Xi Jinping and Indonesian President Prabowo Subianto,

who is in China through Nov. 10, the first country he has

visited since taking office last month.

Prabowo, who won Indonesia's presidential election in

February, also chose China as the first country to visit as

president elect, underscoring Jakarta's commitment to

strengthening its strategic ties with Beijing.

In a joint statement issued after the leaders' meeting, the

two countries agreed to enhance collaboration in sectors such as

new energy vehicles, lithium batteries, photovoltaics, and the

digital economy.

They also pledged to strengthen the global energy transition

partnership and jointly ensure the security of global mineral

supply and industrial chains, the statement said.

On Sunday, Chinese battery materials producer GEM

signed a deal with PT Vale Indonesia to build a

high-pressure acid leaching plant in Central Sulawesi, partly to

secure nickel resources, a Shenzhen filing showed. Prabowo

witnessed the signing.

The nickel industry in Indonesia, the world's largest

producer of the metal, is dominated by Chinese companies

including Tsingshan Holding Group and Zhejiang Huayou Cobalt

.

In the tech sector, Indonesian tech firm GoTo Gojek

Tokopedia signed agreements with China's Tencent ( TCTZF )

and Alibaba ( BABA ) to develop cloud infrastructure

and digital talent in Indonesia, Reuters reported earlier.

The two countries will introduce visa measures, including

multi-entry long-term visas, and encourage more direct flights

and destinations based on demand, the joint statement showed.

Other cooperation agreements signed during Prabowo's visit

include collaborations in housing and the export of fresh

coconuts from Indonesia to China.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
California should support fuel imports, find ways to retain refiners, regulator says
California should support fuel imports, find ways to retain refiners, regulator says
Jun 27, 2025
NEW YORK (Reuters) -California's energy regulator on Friday issued recommendations to Governor Gavin Newsom to support timely fuel imports and explore ways to retain operations at existing refineries in the state. Newsom had earlier this year asked the California Energy Commission to recommend changes to the state's energy transition efforts, as it faces higher fuel costs from Phillips 66 and...
Update: Mastercard, Visa Lose UK Tribunal Ruling on Interchange Fees
Update: Mastercard, Visa Lose UK Tribunal Ruling on Interchange Fees
Jun 27, 2025
03:55 PM EDT, 06/27/2025 (MT Newswires) -- (Updates with statement from Visa in the fifth paragraph.) Mastercard ( MA ) and Visa (V) violated European competition law by charging retailers default multilateral interchange fees, according to a ruling by London's Competition Appeal Tribunal on Friday. The tribunal dismissed the companies' proposed alternatives as unworkable and lacking legal merit, calling them...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Meta seeks $29 billion from private capital firms for AI data centers, FT reports
Meta seeks $29 billion from private capital firms for AI data centers, FT reports
Jun 27, 2025
(Reuters) -Meta Platforms ( META ) is seeking to raise $29 billion from private capital firms to build artificial intelligence data centers in the U.S., the Financial Times reported on Friday. The Facebook-parent has advanced discussions with private credit investors including Apollo Global Management, KKR, Brookfield, Carlyle and Pimco, the report said, citing people familiar with the matter. Meta is...
Copyright 2023-2026 - www.financetom.com All Rights Reserved