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Qingdao holds Indonesia investment forum

( chinadaily.com.cn )

Updated: 2016-06-15

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An investment forum between Qingdao and Indonesia was held at the Qingdao Shangri-La Hotel on June 14, where topics such as economy, trade and tourism were discussed to promote common development.

Qingdao and Indonesia have enjoyed rapid growth in economic cooperation in recent times. So far, Indonesia has invested 402.25 million yuan ($61 million) in 34 Qingdao projects. In turn, Qingdao has approved 24 projects in Indonesia worth $845 million.

In the first four months of this year, the trade volume between two areas has reached $211 million.

Qingdao mayor Zhang Xinqi said at the forum that Qingdao, as one of China's most important harbor cities, now served as a major node city in new Eurasian Continental Bridge economic corridor and was set to become a bridgehead for the Belt and Road Initiative.

He said Qingdao was committed to becoming an innovative coastal center in East China, a regional service center and an advanced international marine development center, and provides excellent opportunities for mutual cooperation.

He also appealed to Indonesia's enterprises to visit and invest in Qingdao.

Indonesian Ambassador to China, Soegeng Rahaidjo said that both countries had great prospects in marine cooperation and the Indonesian Embassy would spare no efforts to support the mutual exchanges.