Premier Li Joins Indonesia-China Business Forum With Prabowo

On the evening of May 24, 2025 local time, Premier Li Qiang of the State Council attended the Indonesia-China Business Reception 2025 with Indonesian President Prabowo Subianto in Jakarta and delivered remarks. About 200 representatives from the business community of both countries participated in the event.

Li Qiang stated that this year marks the 75th anniversary of the establishment of China-Indonesia diplomatic relations and the 70th anniversary of the Bandung Conference. More than seven decades ago, the world stood at a historical crossroads. Against the backdrop of global discord and confrontation, China and Indonesia, together with other Asian and African nations, gathered in Bandung and forged the Bandung spirit of solidarity, friendship and cooperation, which has played a pivotal role in advancing South-South cooperation and steering the world toward positive development. Today, more than seven decades later, the world is once again at a critical crossroads. Amid an evolving international situation intertwined with changes and chaos, unilateralism and protectionism are on the rise, and acts of bullying are increasing. Against this backdrop, the contemporary value of the Bandung Spirit has become more prominent. Li Qiang called on both sides to follow the general trend of historical progress, adhere to seeking common ground while reserving differences and pursuing peaceful coexistence, resolve differences through consultation, promote win-win results through cooperation, and achieve development and prosperity through joint contribution and shared benefits.

Li Qiang noted that China and Indonesia have consistently upheld the Bandung spirit in conducting all-round practical cooperation. Under the strategic guidance of the two heads of state in recent years, China-Indonesia cooperation has continuously reached new heights. With bilateral trade expanding in scale and improving in quality, two-way investment growing rapidly, and major projects yielding remarkable results, the economic and trade cooperation between the two countries has continued to strengthen its bonds, delivering tangible benefits to businesses and people in both countries while injecting greater certainty into the world economy.

Li Qiang emphasized that this year, China's economy has achieved rapid growth amid increasing external challenges, demonstrating strong internal drivers and tremendous incremental potential. First, there is the incremental space from demand release. China is implementing a strategy to expand domestic demand and is launching specific initiatives to boost consumption, which will continuously unlock the potential of its mega-sized market. Second, there is the incremental space from technological empowerment. China continues to make breakthroughs in technological innovation, with artificial intelligence, robotics, bio-pharmaceutics and other sectors accelerating their integration across various industries, which will bring more innovation and investment cooperation opportunities for businesses worldwide. Third, there is the incremental space from industrial upgrading. China is vigorously advancing the high-end, intelligent and green transformation of its manufacturing sector while expanding overseas investment in an orderly manner, and will enhance the efficiency and resilience of global industrial and supply chains in collaboration with other countries. China is ready to share incremental growth space and development opportunities with all countries, including Indonesia, and remains steadfast in opening up wider, creating a more favorable environment for foreign enterprises to invest and do business in China. Li Qiang expressed the hope that the business communities of China and Indonesia will strengthen synergy, take active actions, make the pie of cooperation bigger, enhance industrial integration, uphold free trade, and promote more fruitful cooperation in various fields between the two countries.

Prabowo Subianto said that the relationship between Indonesia and China is one of the most strategic and promising bilateral relations in the 21st century. Indonesia is ready to strengthen cooperation with China in the fields of economy and trade, industry, green economy, as well as science and education, and enhance people-to-people and cultural exchanges, so as to better achieve mutual benefits and win-win results. He added that Chinese enterprises are welcome to continue to invest and do business in Indonesia and broaden the scope of cooperation. Indonesia highly appreciates China's important role in international affairs and stands ready to work with China to carry forward the Bandung spirit, maintain peace, stability and prosperity in Asia, safeguard the common interests of developing countries, and uphold international fairness and justice.

Before the reception, the leaders of the two countries jointly visited a commemorative exhibition marking the 70th anniversary of the Bandung Conference and an exhibition of the achievements of economic and trade cooperation between China and Indonesia.

Source: Ministry of Foreign Affairs, the People's Republic of China