Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
International Relation

10 years on, BRI brings jobs, business opportunities to China, Indonesia

May 06, 2023


Abstract : In 2013, China put forward the BRI to foster new drivers for global development. To date, more than 150 countries and over 30 international organizations have signed documents under the BRI framework, bringing an economic boon to participating countries.

Workers work at a construction site of the Jakarta-Bandung High-Speed Railway in Bandung, Indonesia, May 1, 2023.(Photo by Ren Weiyun/Xinhua)

NANNING, May 5 (Xinhua) -- Xiao Songxin, 53, did not have time to reunite with his family for the May Day holiday.

While his family had fun during the five-day holiday back home in Guangzhou, the capital of south China's Guangdong Province, Xiao was busy coordinating the construction of the Jakarta-Bandung High-Speed Railway (HSR) in Indonesia.

"As the construction is coming to an end, the project has entered a critical stage of the check and acceptance followed by joint tests," said Xiao. "All participating units are working intensively to ensure the smooth opening and operation of the project on schedule."

Xiao is the director of the Indonesian-Chinese consortium PT Kereta Cepat Indonesia-China (KCIC).

Run by KCIC, the high-speed railway line is a landmark project under the China-proposed Belt and Road Initiative (BRI), connecting Indonesia's capital Jakarta and another major city Bandung. With a design speed of 350 km per hour, the railway will cut the journey between Jakarta and Bandung from over three hours to around 40 minutes.

In 2013, China put forward the BRI to foster new drivers for global development. To date, more than 150 countries and over 30 international organizations have signed documents under the BRI framework, bringing an economic boon to participating countries.

Thanks to the joint efforts of China and Indonesia to participate in the Belt and Road cooperation, more people and enterprises from both sides have benefited from the opportunities created by BRI.

Dita Efrilia, from Bandung, Indonesia, came to south China's Guangxi Zhuang Autonomous Region in 2016 to study.

After graduating from Liuzhou City Vocational College in the city of Liuzhou in 2019, she found a job in a company participating in the construction of the Jakarta-Bandung HSR.

"When I was studying in China, I often took high-speed trains for travel. It's very convenient and comfortable. The service was very good," she said, adding that people in her hometown expect the opening of the Jakarta-Bandung HSR as soon as possible so that it will be much faster to go to Jakarta.

She also said more cooperation between China and Indonesia is expected to bring more benefits, like job opportunities brought by the Jakarta-Bandung HSR.

The Power Construction Corporation of China (PowerChina), one of the main contractors of the Jakarta-Bandung HSR, started its business in the Indonesian market in 1995.

Wang Bin, general manager of the company, said that PowerChina has undertaken a total of 135 construction projects with a contract value of about 11.3 billion U.S. dollars in Indonesia, including five direct investment projects with an investment value of about 1.74 billion U.S. dollars.

"Indonesia has become one of the most important markets in our international business development strategy," said Wang.

In 2022, trade between Indonesia and China increased by nearly 20 percent compared with the previous year. China remained Indonesia's largest trading partner and largest export market, demonstrating the high degree of correlation and complementarity between the two economies.

"The BRI will continue to inject new impetus to the building of a closer China-Indonesia community with a shared future," said Wang Yuzhu, dean of the China-ASEAN Research Institute of Guangxi University.

Scan the QR code and push it to your mobile phone

Keyword: BRI Jakarta-Bandung High-Speed Railway

Reading:

【Financial Str. Release】Stock ETFs attract all-time-high net monthly subscription in April

Pakistan, China vow to strengthen ties, deepen cooperation

China's private entrepreneurs confident in achieving high-quality development

【Financial Str. Release】Northbound trading of Swap Connect to launch on May 15

Xinhua News Agency to hold series of activities for 2023 China Brand Day

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial