Indonesia secured USD7.4bn in new investment commitments from China, covering polysilicon, fiberglass, polyethylene terephthalate (PET), and electric vehicles (EVs), during a visit by Investment Minister Rosan Roeslani to six Chinese cities. The agreements aim to diversify Indonesia’s industrial base, with polysilicon supporting semiconductors and PET contributing to textiles and plastics. Roeslani also promoted Indonesia’s improved investment climate and discussed cooperation in research, development, and workforce training. Chinese firms expressed interest in expanding their presence in Indonesia. The Indonesian government targets USD101.6bn in investments for 2024, with 50.3% realised in the first half. China remains a key investor, contributing USD32.2bn from 2019 to mid-2024. Last year’s Chinese investment in Indonesia also totalled USD7.4bn, matching the new commitments.