Fan Zhiming, Chairman of the China-Indonesia Economic and Trade Cooperation Zone, Participates in the Silk Road Lecture Series
On May 7, 2020, from 14:00 to 15:30 Beijing time, the 18th session of the Silk Road Lecture Series—an online public-service course hosted by the Silk Road International Capacity Cooperation Promotion Center—was successfully held. Fan Zhiming, Chairman of the China–Indonesia Economic and Trade Cooperation Zone, was invited to serve as a guest speaker and shared his insights with the audience.
During the live broadcast, Fan Zhiming provided an in-depth analysis of how the current global pandemic situation is affecting investment in Indonesia and outlined corresponding investment strategies. He also offered a detailed overview of Indonesia’s policy adjustments, as well as the risks and opportunities associated with investing in the country, and shared several case studies of Chinese-invested enterprises in Indonesia for attendees to study and learn from. Finally, he answered questions from the audience.
In response to questions about whether Indonesia offers subsidies and preferential policies for new industries, Fan Zhiming stated that the cooperation zone, the Chinese Embassy, and the Chinese Chamber of Commerce have been actively lobbying for such incentives for several years. However, due to Indonesia’s unique circumstances, these measures have yet to be implemented. He emphasized that the key to successful investment lies not in government incentives but in market conditions: even with favorable policies, a weak market will ultimately make it impossible to sustain operations. Investment must be closely aligned with market realities. Indonesia boasts a large pool of young, low-cost labor and abundant natural resources; by bringing Chinese technology to Indonesia and integrating it with local resources, we can stimulate economic development and achieve mutually beneficial, win-win outcomes.
Fan Zhiming stated that, throughout this epidemic, Chinese-funded enterprises in Indonesia have made significant contributions to the fight against the pandemic—playing not only the first half in China but also the second half in Indonesia. In recognition of this, he paid tribute to our compatriots who have steadfastly remained on the front lines in Indonesia and commended all entrepreneurs who have participated in relief efforts, particularly the generous acts of goodwill by Chinese companies operating within the cooperation zone, which underscore the capabilities and social responsibility of these enterprises.
Finally, Fan Zhiming remarked that Indonesian President Joko Widodo, hailing from a humble background and having emerged victorious in a fiercely contested re-election campaign, has since proposed the relocation of the capital—a move that underscores his open-mindedness and visionary leadership. He stated that with such a wise and forward-thinking leader at the helm, Indonesia’s investment climate is bound to improve steadily. He extended a warm welcome to businesspeople and investors interested in Indonesia to come and invest in the country. As China’s first overseas economic and trade cooperation zone established in Indonesia, the China–Indonesia Economic and Trade Cooperation Zone will continue to serve as an important platform for exchanges between China and Indonesia and remain fully committed to providing dedicated services to entrepreneurs.
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