China and Indonesia Jointly Build the 21st-Century Maritime Silk Road: Achievements, Challenges and Countermeasures

November 09 , 2017 02:51 PM by Xiong Ling, Chen Meijin

[Author]XIONG Ling, CHEN Meijin

              Wuhan University

[Abstract]In 2014, Indonesia' s new president, Joko Widodo, proposed Ocean Power Strategy, which is consistent with "the 21st-Century Maritime Silk Road" proposed by China. At present, China and Indonesia have widely cooperated on political trust, infrastructure, capacity cooperation, economic and trade investment, capital intermediation, cultural exchange, and have obtained some positive results. However, there are some challenges in the cooperation. For example, in Indonesia, policies and regulations aren' t stable, cost of employment is rising, infrastructure isn' t complete, terrorism and nationalism always exist, and Chinese products have weak core competencies and so on. Therefore, China and Indonesia can cooperate closely to cope with these challenges, which can promote the stable development between China and Indonesia.