China's growing economy benefits Indonesia: Susilo
7/2/2005 15:03
Indonesian President Susilo Bambang Yudhoyono said in Jakarta Monday that
Indonesia takes benefit from China 's rapidly growing economy as both countries
now enjoy significant growth in bilateral trade volume.
Susilo said the world
might be "worried" about China's rapid growth, but for Indonesia, the expanding
economy in China delivers positive result of higher bilateral trade volume in
favor of Indonesia.
"We must be able to anticipate the presence of emerging
economic powers, such as China, India and Vietnam. But we don't need to worry
because we have opportunities to take benefits from their revivals," Susilo said
when opening a meeting on Indonesia's long term development
planning.
According to the Central Statistics Agency, China was Indonesia 's
fourth largest destination country for its non-oil exports in 2004 after Japan,
the United States and Singapore. Indonesia's non- oil export to China rose 25.5
percent to US$3.15 billion in 2004 against 2.93 billion a year earlier.
China
last year also surpassed the United States as the third largest supplier for
Indonesian import, grabbing 9.86 percent of Indonesia's US$34.66 billion non-oil
import.
Xinhua News
|
