Indonesia, China Agree to Intensify Economic, Financial Cooperation

Antalya (Antara Bali) - Indonesia and China have agreed to step up cooperation in the fields of economics and finance, including Chinese assistance to support Indonesia remaining liquid.

"A lot of things have been discussed, such as follow-ups on our previous meetings, and Chinas liquidity support, including an additional 20 billion US dollars," President Joko Widodo (Jokowi) said following a meeting with Chinese President Xi Jin Ping, on the sidelines of the G20 Summit here on Sunday.

The two countries also agreed to increase Chinese investment, which means it will provide additional capital to Indonesia, he added.

Ari Dwipayana of the presidential communication team said President Jokowi lauded the Chinese governments commitment to supporting Indonesias financial sector through funding for Indonesian banking and liquidity support.

Besides, President Xi also expressed his governments willingness to increase the bilateral currently swap arrangement to some 20 billion US dollars.

President Jokowi also asked the Chinese government to support Indonesias candidates to fill the top managerial positions in the Asian Infrastructure Investment Bank (AIIB) and to locate the first regional office for AIIB in Jakarta.

The two leaders also discussed global financial issues, which became topics of discussion during the G20 Summit. (WDY)