China Minsheng Investment: Build an industrial park in Indonesia
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China Minsheng Investment Corp., Ltd. (CMI) CEO Li Huaizhen. |
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Why choose Indonesia among all ASEAN countries as the first location of an industrial park? CMI CEO Li Huaizhen explained: First, Indonesia has a population of 250 million; second, the maritime power has a strategic location; and third, China and Indonesia have a sound relationship and complementary industries.
Li Huaizhen, formerly director of the China Banking Regulatory Commission Accounting Department and vice president of the CMSB Supervisory Board, has a clear vision of the development scheme of the upcoming Indonesian industrial park. “We attach great importance to Indonesian industry. Our two countries are now at different stages of development and share complementary industries. The new Indonesian president announced soon after taking office that the nation’s future strategy was focused on becoming a maritime power and accelerating industrialization. China has already stepped into the middle and late period of industrialization, maintaining a powerful industrial advantage which can definitely meet the demand of Indonesia’s current market.”
In addition to a strong desire for reform and development, the Indonesian industrial structure and distribution plans are also transparent and acceptable. In the coming five years, Indonesia will build more ports and other infrastructure facilities, and exploit numerous mineral resources. Chinese enterprises, especially private companies, can provide support that will eventuate in a win-win situation.
While talking about the development advantages and the resources that CMI could bring to Indonesia, Li Huaizhen said that the “going global” of scores of domestic private companies would bring to Indonesia multiple programs that the government would warmly welcome, including steel, cement, ports and industrial parks. All these projects will soon materialize.
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