Xi seeks closer ties on historic Jakarta trip

VIP VISIT: President Xi Jinping (third from left) and his wife arriving to pay respects at the Heroes' Cemetery in Jakarta yesterday.


    Oct 04, 2013

    Xi seeks closer ties on historic Jakarta trip

    CHINESE President Xi Jinping made history in Indonesia by becoming the first foreign leader to address the country's Parliament, using the platform to call for greater cooperation with Southeast Asia's biggest economy and the region as a whole.

    Mr Xi's speech yesterday came a day after he met his Indonesian counterpart, President Susilo Bambang Yudhoyono, and the two agreed to work together to improve a number of areas, including trade, investment and infrastructure.

    During his first trip to Southeast Asia since taking office in March, Mr Xi also proposed creating an infrastructure investment bank that would help fund development projects in the region.

    He said territorial disputes with South-east Asia should be resolved in a "peaceful manner", seeking to mend frayed ties.

    "China attaches great importance to Indonesia's role in Asean and is ready to work with Indonesia and other Asean countries to make the two sides share the same prosperity."

    The Indonesian and Chinese central banks also agreed to a 100-billion-yuan (S$20-billion) currency-swap deal to shore up the ailing rupiah, if necessary.

    Mr Xi left for Malaysia yesterday where he was to meet Prime Minister Najib Razak.

    AP, AFP