Indonesia polls bring battle over China’s Belt and Road push - News Summed Up

Indonesia polls bring battle over China’s Belt and Road push


Trailing by double digits in the polls, Subianto has leaned on a fiery nationalist ticket and pledged to re-evaluate Chinese investment, even as Jakarta courts huge contracts from Beijing´s $1.0 trillion Belt and Road Initiative (BRI). Last year, China and Indonesia signed $23 billion in belt and road initiative contracts, including two hydro power plants on Borneo island and a power station on holiday hotspot Bali. Both projects have stoked fears about an influx of Chinese workers and Indonesia taking on unsustainable debt. “Most Chinese investment in Indonesia is in industry, such as mining,” she told AFP, adding that little was in strategic or sensitive assets. Ahead of the polls, Widodo has been burnishing his own nationalist credentials, including taking back control of the giant Grasberg gold and copper mine from US operator Freeport-McMoRan.


Source: Pakistan Today April 14, 2019 14:26 UTC



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