Despite the COVID-19, investment ties between Indonesia and China remain strong. (Image via Berita Internasional)

COVID-19 does not do any harm to Indonesia - China business

Despite the fear that the novel coronavirus (COVID-19) from China will disrupt the international trade relations between China and other countries, Indonesia has not felt the impact. Chinese investors are still aiming to invest in Indonesia, while their country is in turmoil.

Speaking on Monday, the Head of Investment Coordinating Board (BKPM), Bahlil Lahadalla, said that the Chinese investors are still committed to continuing their investment in Indonesia. However, the investment might be disrupted if their experts cannot travel overseas due to the COVID-19 outbreak.

Chinese investments in Indonesia are amounted to US$4.74 billion, double from the 2018’s investment at US$2.37 billion. In 2019, China managed to secure the second position in Indonesia’s top five foreign investors.

Not only China, Bahlil said, but also investors from other countries are not hindered by the COVID-19 outbreak. However, the impacts of COVID-19 are still to be monitored by BKPM, especially on the investments in the Q1 of 2020.

If the outbreak does not cease until March 2020, BKPM will start estimating its impact on foreign investment growth. However, Bahlil assured that until now, COVID-19 does no harm to Indonesia’s inward cash flow.