Indonesia's investment race shaken up by China as Japan fades

[xizhimen]

Indonesia's investment race shaken up by China as Japan fades​

KOYA JIBIKI, Nikkei staff writerFebruary 16, 2021 03:23 JST

China and South Korea have rapidly accelerated investment into Indonesia, official data shows, while Japan recedes as a source of capital for Southeast Asia’s biggest economy, reported Nikkei Asia.

Chinese foreign direct investment in Indonesia, including flows from Hong Kong, rose 11% to $8.4 billion last year, according to the Indonesian Investment Coordinating Board. FDI from South Korea jumped 64% to $1.8 billion.

This growth contrasts with a clear decline in Japanese investment, which once led Indonesia’s FDI trends. Flows from Japan fell 40% in 2020 to $2.6 billion, reported the Nikkei Asia.

“It comes as a shock that China and South Korea have increased investment at a time when rising coronavirus infections have stalled Indonesia’s economy,” a country representative for a Japanese company working here says.

Indonesia's investment race shaken up by China as Japan fades

South Korea also gains, with EV batteries seen as next FDI magnet

asia.nikkei.com

 

[xizhimen]

China, Hong kong, Singapore, Korea, Japan.. all top investors in Indonesia are east Asian countries, why the west doesn't invest much in this region?

 

[Nilgiri]

Maybe take a break from your regular sessions here, pick up a world map and have a look see for the obvious answer?

 

[xizhimen]

Maybe take a break from your regular sessions here, pick up a world map and have a look see for the obvious answer?

I thind the world map is the same as it was 10 years ago but everything else had changed greatly.

 

[Gary]

China, Hong kong, Singapore, Korea, Japan.. all top investors in Indonesia are east Asian countries, why the west doesn't invest much in this region?

Singapore is in East Asia ?

 

[xizhimen]

Singapore is in East Asia ?

South east Asia in location, east Asia in culture.


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