China`s Economic Growth Slows, Indonesia May Be Affected

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  • Coordinating Economic Minister Darmin Nasution. TEMPO/Richard Andika

    Coordinating Economic Minister Darmin Nasution. TEMPO/Richard Andika

    TEMPO.CO, Jakarta - Coordinating Economic Minister Darmin Nasution did not deny the fact that Indonesia might be affected by the weakening economic growth of China.

    “Of course [there is an effect], however, it is indirect,” said Darwin in his office, Jakarta, Friday, Oct 19.

    Darmin opined this was because China often imported goods from the archipelago. However, he augured the impact would be insignificant.

    “There is an impact, but I think it’s small,” said Darmin. “The impact of this trade war is quite huge, but for us [Indonesia], it is indirect.” 

    Read: US-China Trade War Will Affect Global Economy: BI 

    Referring to China’s National Bureau of Statistics (NBS), the country’s economic growth reached 6.5 percent in the third quarter of 2018 year-on-year, which was the weakest since the first quarter of 2009 during the global financial crisis.

    Meanwhile, on a quarterly basis, China’s economic growth slowed to 1.6 percent in the third quarter of 2018 from the revised 1.7 percent in the previous quarter, or meeting the expectations.

    CAESAR AKBAR | BISNIS.COM


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