On Sunday, China and Indonesia finalized several cooperation agreements focusing on tourism, agricultural products trade, and investment. This development followed a meeting between Chinese Premier Li Qiang and Indonesian President Prabowo Subianto, leading to the signing of Memorandums of Understanding (MoUs) and cooperation agreements in tourism, agricultural product exports, traditional medicine, investment, strategic commerce, and media. Premier Li's visit marks an official trip to Indonesia.

In Jakarta, Premier Li Qiang met with President Prabowo Subianto to explore expanding trade and investment amid global trade tensions. Li's three-day visit to Jakarta, which began on Saturday afternoon, represents his first overseas trip this year. Both Indonesia and China are members of the Group 20 and BRICS. Premier Li addressed the Indonesia-China Business Reception on Sunday evening, accompanied by 60 Chinese business leaders. He highlighted China's economic growth this year, despite international challenges. "The current international situation is a stalemate," Li stated, noting the rise of "Unilateralism and protectionism" and increasing "bullying behaviour."

Premier Li noted the 70th anniversary of the Non-Aligned Movement held in Bandung, Indonesia, emphasizing the Bandung spirit's role in Global South unity. He urged countries to seek common ground through dialogue and peaceful coexistence. President Subianto expressed gratitude for Chinese contributions to Indonesia's economy, including job creation, technology transfer, and trust-building. He invited further Chinese investment. Two-way trade exceeded US$147.8 billion last year, a 6.1% increase.

Li mentioned that China has been Indonesia's largest trading partner for nine years, with Belt and Road cooperation yielding progress like nickel smelting plants and the Whoosh high-speed railway, operational since October 2023 and carrying nearly 10 million passengers. Indonesia seeks a larger role in supplying nickel and raw materials to China's electric car industry. On Sunday, President Subianto hosted Premier Li at Merdeka Palace in Jakarta. Li is scheduled to meet with Indonesian parliament members and will then travel to Malaysia to address the ASEAN-GCC-China Economic Summit with Prime Minister Anwar Ibrahim.

NSA NSA This article was generated from an automated news agency feed without modifications to text.