Conomic Target Of 8%: Indonesia Collaborates With China To Strengthen Industry And Investment

The administration of President Prabowo Subianto aims for national economic growth to reach 8% by the year 2029. One of the strategies to achieve this ambitious target is to expand collaboration with global partners, including China through the Two Countries Twin Parks (TCTP) scheme.

Coordinating Minister for Economic Affairs Airlangga Hartarto explained that this bilateral cooperation holds significant potential to accelerate investment flows, create jobs, and strengthen national economic resilience. With a combined population of 1.7 billion and a collective economic value of US$ 19.2 trillion, Indonesia and China are strategically positioned as global market and production powers.

China is also Indonesia's main trading partner, with bilateral trade reaching US$ 135 billion by 2024, underscoring China's strategic role in Indonesia's economic relations.

Read: Indonesia Expands Integrated Public Service Network With 9 New MPPs, Honors Top Innovations

Promoting Industrial Synergy Through Twin Parks

Airlangga emphasized that TCTP is a strategic initiative aimed at establishing two twin industrial zones in Indonesia and China. This cooperation model facilitates the integration of the value chains of both countries, combining Indonesia's comparative advantages with China's manufacturing capacity and technology.

"The goal is to develop two industrial complexes between the twin cities so that the synergy of both industries and value chains can be optimized," said Airlangga on Thursday (27/11/2025).

The twin parks area reflects a collaborative ecosystem that integrates:

Indonesia's wealth of resources

Human resource potential and domestic market

Technology, financing, and manufacturing expertise from China

This synergy is expected to enhance industrial competitiveness and promote sustainable growth. 

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Airlangga Hartarto Indonesia China Cooperation Indonesia Economic Growth Industrial Zones Investment Prabowo Subianto TCTP Two Countries Twin Parks