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Foreign investment (PMA) from China in 2018 reached US$2.4 billion, equivalent to Rp33.6 trillion, or 8.1% of total foreign investment inflows. This figure represents a 29.3% decrease from the previous year's US$3.4 billion. This decline was also accompanied by an overall decrease in PMA. However, China still ranked third as the largest investor in Indonesia after Singapore and Japan.
The largest inflows of foreign investment from China went to these three business sectors: electricity, gas, and water (US$616 million); followed by the basic metal industry, metal goods, non-machinery, and equipment (US$594 million); and transportation, warehousing, and telecommunications (US$551 million). In 2018, investment in the electricity, gas, and water sector, as well as the basic metal industry, metal goods, non-machinery, and equipment sector, experienced significant declines from the previous year, namely 34.4% and 65.4%, respectively.
The overall decrease in PMA in Indonesia was largely due to the volatility of the rupiah against the US dollar and the trade war between the US and China.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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