China slowdown: Global impact

Indonesian policymakers see minor impact on economy

According to projections by the Trade Ministry's research and development body, a 1 per cent decline in China's GDP will only reduce Indonesia's exports by only 0.02 per cent
According to projections by the Trade Ministry's research and development body, a 1 per cent decline in China's GDP will only reduce Indonesia's exports by only 0.02 per centPHOTO: REUTERS
Linda Yulisman Indonesia Correspondent In Jakarta
  • Published
    Jan 29, 2019, 5:00 am SGT
New: Gift this subscriber-only story to your friends and family

Indonesian policymakers and businesses believe the impact of China's economic slowdown will be modest on South-east Asia's biggest economy.

Most of it will be in trade, as China was the biggest destination of Indonesian non-oil and gas exports last year, with outbound shipments totalling US$24.39 billion (S$33.27 billion), according to Statistics Indonesia.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
Subscribe now

*Terms and conditions apply.

Join ST's Telegram channel here and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on January 29, 2019, with the headline 'Policymakers see minor impact on economy'. Subscribe
Topics: