Economic Cooperation at Risk: Chinese Firms Warn Prabowo Over Policy Directions

Key Summary:
- Uncertain policy direction & weak governance in Indonesia
- Nickel industry policy tightening hurt business operations
- Indonesia risks losing its FDI growth engines from China
China Chamber of Commerce in Indonesia has written a letter addressed to the Indonesian President, voicing concerns over business environment that has become increasingly difficult due to stricter regulations, inconsistent law enforcements, higher costs and alleged corruptions.
These issues have significantly disrupted business operations and undermine long-term investment confidence, especially on the future of industrial growth and development in Indonesia.