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Indonesia
This Week in Asia

Hostility to Chinese investment is work of a minority, says Indonesia’s finance minister

Sri Mulyani Indrawati hit back at rhetoric from new governor of Jakarta, Anies Baswedan, which some fear may spook Chinese investors

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Chinese President Xi Jinping (left) accompanies Indonesia's President Joko Widodo during a welcoming ceremony inside the Great Hall of the People in Beijing in 2015. Photo: AFP
Bhavan Jaipragas

The Indonesian finance minister has hit out at claims of hostility towards Chinese investment in the country, saying it is the work of a “few people” who want to shut the door to outsiders, amid resurgent fears of ethnic tensions in Southeast Asia’s largest economy.

“If there is an issue in politics that Indonesia is becoming unfriendly, it is driven by a few people who think Indonesia can just become a homogenous type of people,” Sri Mulyani Indrawati told reporters in Hong Kong on Wednesday.

But “we have a strong, very non-negotiable commitment of diversity. That means we have to respect differences,” she said. “We are not a conflict country. We are not a violent country. The track record of Indonesia in terms of respecting the sanctity of contracts is very, very strong. So I will encourage all parties not to be discouraged, confused or afraid of investing in Indonesia.”

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Indonesian finance minister Sri Mulyani Indrawati. Photo: Bhavan Jaipragas
Indonesian finance minister Sri Mulyani Indrawati. Photo: Bhavan Jaipragas
Indrawati, a former World Bank managing director, was in Hong Kong to attend a conference on the Asia Infrastructure Investment Bank (AIIB).

Her comments came following the barrage of criticism that Anies Baswedan, the newly sworn-in governor of Jakarta, has faced for declaring that “pribumis” [native Indonesians] should retake control of the Muslim-majority country from “colonial” forces.

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“We ‘pribumi’ people were oppressed and defeated. Now, after independence, it is time for us to be masters in our country,” Baswedan told supporters in his inauguration speech on October 17.

New governor of Jakarta Anies Baswedan declaring that native Indonesians should retake control of the Muslim-majority country from colonial forces. Photo: Reuters
New governor of Jakarta Anies Baswedan declaring that native Indonesians should retake control of the Muslim-majority country from colonial forces. Photo: Reuters
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