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Shenzhen-listed Textile Firm’s Indonesia Investment Fuels Hopes Of Silver Lining In Us-china Trade War | South China Morning Post

by scmp.com posted 4months ago 173 views
A China company’s bid to set up a textile manufacturing plant in Indonesia’s Central Java province is raising hopes the Southeast Asian country can benefit from Chinese firms seeking to shift their production centres amid the ongoing US-China trade war.Jiangsu Lianfa Textile, listed on the Shenzhen Stock Exchange, will launch its factory next year with an investment of between 5 and 6 trillion rupiah (US$350 million and US$422 million), said Ade Sudrajat, chairman of the Indonesian Textile…

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