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ASEAN-China Economic Relations: A View from Indonesia

Author

Listed:
  • Maddaremmeng A. Panennungi

    (Department of Economics, Faculty of Economics and Business, University of Indonesia)

Abstract

This paper is aimed at providing current condition of ASEAN-China Economic relation and showing the prospect for future economic relation between ASEAN (especially Indonesia) with China. Methods of this paper is focused on qualitative analysis and supported by simple statistics. There are some important highlighted from this paper: (1) One of the main concerns of the most ASEAN countries is the negative bilateral trade balance with China. (2) It is predicted that Asia will reemerge as the largest economy in the world and ASEAN and China will be part of the reemergence. China and Indonesia are the two largest economies in ACFTA. (3) Despite the current short run problems of the China and Indonesia economy, long term economic prospects are still better. One of the drivers could be the development of infrastructure in Mainland Silk Roads and Maritime Silk Road in China and integrated infrastructure development in Indonesia, especially Maritime Axis development. (4) Services is needed to join the global production network/global supply chains in ASEAN and China. (5) However, several challenges that should be faced to secure the future economic and non economic relation. Non economic problems, especially the tension in South China Sea between China and its neighbors should be solved or at least the tension should not move into open conflict.

Suggested Citation

  • Maddaremmeng A. Panennungi, 2015. "ASEAN-China Economic Relations: A View from Indonesia," Working Papers in Economics and Business 201502, Faculty of Economics and Business, University of Indonesia, revised Jun 2015.
  • Handle: RePEc:lpe:wpecbs:201502
    as

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    References listed on IDEAS

    as
    1. Maddaremmeng A. Panennungi, 2012. "Re-Emergence of the Asian Economies : Will History Repeat Itself?," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 60, pages 77-104, April.
    2. Maddaremmeng A. Panennungi, 2013. "APEC 2020: Connectivity and Trade Performance: Concept and Its Evidence from APEC Economies," Working Papers in Economics and Business 201309, Faculty of Economics and Business, University of Indonesia, revised Sep 2013.
    Full references (including those not matched with items on IDEAS)

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      More about this item

      Keywords

      ASEAN; China; Economic Relation;
      All these keywords.

      JEL classification:

      • F15 - International Economics - - Trade - - - Economic Integration
      • F68 - International Economics - - Economic Impacts of Globalization - - - Policy

      NEP fields

      This paper has been announced in the following NEP Reports:

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