The Indonesian government recently signed a deal with China that would rip into some of the last untouched tropical forests here on Borneo, where dozens of new species have been found in recent years in an area so vital it is sometimes called the lungs of Southeast Asia...
Overall, Indonesia says it expects China to invest $30 billion in the next decade, a big infusion of capital that contrasts with the declining investment here and in the region by American companies.
Much of that Chinese investment is aimed at the extractive industries, along with infrastructure like refineries, railroads and toll roads to help speed the flow of Indonesia's plentiful coal, oil, gas, timber, and palm oil to China's ports.
On April 19, Indonesia announced that China had placed a $1 billion rush order for 800,000 cubic meters, or 28.2 million cubic feet, of an expensive red- brown hardwood, called merbau, to be used in construction of its sports facilities for the 2008 Olympic Games.
Friday, April 28, 2006
In the name of economy, we salute you!