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The Hungry Giant Awakens

Tuesday, July 13, 2004

Chinese investors are rushing into Indonesia, but it is still not their main destination.

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President Megawati Sukarnoputri did not dance in vain with President Jiang Zemin at a dinner in her honor, during her visit to the People's Republic of China on March 25, 2002. The pas de deux has resulted in the increasing flow of investment from the Chinese taipans and government into Indonesia. The Chinese Embassy in Jakarta has recorded a jump from US$300 million to US$1.5 billion in the past two years.

China, officially adhering to a co

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