China’s investment in Indonesia has shifted from the traditional sectors of mining and resources to those higher in the value chain, consultancy firm PricewaterhouseCoopers Ltd. (PwC) said Monday. Chinese interest is growing in industries such as retail, manufacturing and infrastructure in the Southeast Asian nation, Benson Cheng, financial services assurance partner at PwC Indonesia, told reporters in Hong Kong. Currently, China is Indonesia’s sixth largest foreign investor, behind Singapore, Japan, the United States, South Korea and Mauritius. Indonesia drew US$24.6 billion in foreign direct investment last year, up from US$19.5 billion in 2011, according to PwC.
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