The Outcome of China’s Investment in Indonesia: Lessons from the Nickel Industry
Indonesia's nickel industry has become a focal point for Chinese foreign direct investment (FDI), driven by China's escalating demand for nickel in electric vehicle (EV) battery production. While this investment has spurred economic growth and job creation in Indonesia, it has also raised concerns regarding environmental degradation, limited technology transfer, and insufficient integration of local labor. To maximize the benefits of such investments, it is essential for Indonesia to implement robust regulatory frameworks that ensure sustainable practices, promote technological advancement, and enhance the participation of local communities in the industry.