The China-Indonesia "Two Countries, Twin Parks", a flagship project under the Belt and Road Initiative, has achieved great success in promoting and attracting investment.

The new energy material processing and production line project of Zhongchen Mining signed by Zhongchen Mining Co., Ltd. and Maspion Group has been confirmed to be located in Jakarta, Indonesia, and is being prepared for construction.

Good news is that a project named Global (Indonesia) Marine Fisheries Center Project is also established by Fujian-based Saneheld Food and Indonesia's Sanlim Group. The project plans to build 10 fishery bases in Indonesia, among which the second one has recently been confirmed to be located in Medan, Indonesia where the land acquisition is currently underway. 10 bases, when completed and in production, will achieve an annual delivery of 5 million tons of fish and intermediate products into China, becoming an important channel to supplement the domestic gap of quality protein from marine food products.

Wanye Saneheld (Fujian) Investment Co Ltd, established by Fujian-based Saneheld Food and Indonesia's Sanlim Group, is currently going through industrial and commercial registration procedures. In addition, Dr Lin Jianer, chief scientist of Changtai Biotechnology, plans to establish the new nanobody drug project in Yuanhong. R&D on the new drug has been completed and the application of clinical trial is currently being prepared.

In 2019, the idea of developing China-Indonesia "Two Countries, Twin Parks" project was put forward, and in 2022, the China-Indonesia "Two Countries, Twin Parks"  Industrial Cooperation Plan was released. In 2023, the State Council approved the establishment of China-Indonesia Economic and Trade Innovation and Development Demonstration District in Fuzhou City. The world-class twin parks are thriving in China and Indonesia.

World-class parks should have more mature and better regulated investment promotion standards. To this end, Fuzhou City has injected a steady stream of quality power into the districts of the “two countries, twin parks” by drawing industrial investment maps, expanding in-depth project investment, categorizing and sorting out the project lists, and actively carrying out investment promotion events, among other innovative practices.

This year, agreements under the framework of China and Indonesia "two countries, twin parks" have been constantly signed. In the event of Indonesia - Fuzhou economic and trade docking meeting and project signing, a total of 15 projects were signed, with a total investment of 21.6 billion yuan; in China and Indonesia "two countries, twin parks" Economic and Trade Cooperation and Exchange Fair in Fuqing, 10 key projects were signed, with a total investment of 4.55 billion yuan; in China (Fujian)-Indonesia "two countries, twin parks" economic and trade cooperation promotion conference, 21 projects were signed, with an amount of 43.2 billion yuan, of which Fuzhou signed 11 projects, with total investment of 34.1 billion yuan, ranking first in Fujian province.

Fuzhou is a well-known hometown of overseas Chinese, and has a very deep connection with Indonesia. The promotion of investment in China and Indonesia "two countries, twin parks" links closely to the topic of “expatriates bringing in expatriates, expatriates bringing in people from other countries”. The idea of “expatriates attracting investment” has been put in a prominent position. The blueprint of enterprise development is deeply rooted in the fertile soil of the friendship between China and Indonesia.

Yu Linlin, head of the Investment Promotion Division of the Administrative Committee of Yuanhong Functional Zone of Fuzhou New District, said that this year is the 10th anniversary of the Belt and Road Initiative and the 10th anniversary of the establishment of a comprehensive strategic partnership between China and Indonesia, and that we will continue to aim at making major innovations in the cooperation mode of the districts, and realize a greater breakthrough in the "Two countries, Twin parks" industrial and economic and trade cooperation through a more open and targeted policy system, striving to create a new model of international economic and trade cooperation.

Journalists learned that the district also has an investment project library which has four categories, capital expansion, domestic investment promotion, Indonesia investment promotion, investment in Indonesia . So far, 77 project leads have been collected, with a total investment of more than 80 billion yuan.

The future of China-Indonesia "Two Countries, Twin Parks" can be expected!

Source: CHINADAILY.COM.CN

Translation: 21CMCC