News Room - Steel Industry

Posted on 26 Mar 2012

China, Indonesia sign deals worth potential US$17bil

China and Indonesia signed prospective deals worth potentially more than US$17bil in the fields of mining, hydropower and steel, state media reported, during a visit by Indonesian President Susilo Bambang Yudhoyono to Beijing.

 

The official Xinhua news agency said there were 15 projects in all covered by what it called cooperation agreements, which included ones on agriculture and textiles.

 

It did not provide a breakdown or give any details. China often uses the opportunity of such state visits to formalise previously announced agreements.