Indonesia Sensitive to China's Economic Slowdown: Kadin

Nia Deviyana    •    28 Januari 2019 14:00 WIB
global economy (en)
Indonesia Sensitive to China's Economic Slowdown: Kadin
Kadin chairman Rosan Roeslani ( Ayu)

Jakarta: Indonesian Chamber of Commerce and Industry (Kadin) Rosan Roeslani has said that China's economic slowdown may affect Indonesia's grodd domestic product (GDP) growth.

"We are more connected with China than the United States. We are more sensitive to China's economic slowdown," Rosan told reporters on Monday, January 28, 2019.

"We have talked with the government. We have asked for more export incentives," he added.

According to the Central Statistics Agency (BPS), Indonesian exports reached US$180.06 billion in 2018. The number increased by 6.65 percent compared to 2017. 
In the meantime, Indonesian non-oil and gas exports reached US$162.65 billion last year. The number increased by 6.25 percent compared to the previous year.

"IMF has revised down its global economic forecast in 2019 by 0.2 percentage point to 3.5 percent," Finance Minister Sri Mulyani Indrawati told reporters last week.
"We will continue to focus on maintaining growth and stability despite changes in the external environment," she added.