Jakarta (ANTARA) – Indonesia is strengthening economic cooperation with China through the Two Countries Twin Parks (TCTP) project, Coordinating Minister for Economic Affairs Airlangga Hartarto said on Thursday.He said the initiative supports Indonesia’s goal of achieving 8 percent economic growth by 2029, noting that Indonesia and China hold strategic positions as global market and production powers with a combined population of 1.7 billion and an economic value of US$19.2 trillion.”Two Countries Twin Parks is a strategic initiative between Indonesia and China. Its aim is to build two industrial complexes across twin cities to optimize industrial synergy and value chains of both countries,” Hartarto said.Bilateral trade between the two countries reached around US$135 billion in 2024.The TCTP is expected to accelerate investment flows, enhance industrial competitiveness, and create jobs. The concept leverages Indonesia’s strengths — from natural resources and labor potential to market size — while integrating China’s expertise in technology, financing, and manufacturing.Hartarto said this synergy would strengthen industrial value chains and support sustainable economic growth.During the “City of Blessings” China-Indonesia Economic and Trade Exchange and Matchmaking Conference on Wednesday, Indonesia and Fuzhou City reinforced cooperation by signing 16 investment commitments worth around US$2.1 billion.The figure represents 24.3 percent of the total US$10 billion investment commitment announced by Fuzhou City in August.The projects, set to start in 2026, cover steel exports, nickel, industrial commodities, seafood processing, integrated fisheries, solar and energy storage, coal and industrial raw materials, AI research, new technology, and industrial and energy supply chain development.
Twin Parks project strengthens Indonesia-China economic ties: minister
