
China’s government step in creating more flexible Yuan praised by Minister of Trade Mari Elka Pangestu. This step show talent China’s economic leadership in Asia.
“We really appreciate what China because of what China will help the adjustment of import and export of domestic consumption we are doing in their respective countries. This shows China’s leadership in this area,” he said on the sidelines of economic forum Ernst and Young in Graha Niaga , Monday (06/21/2010).
Yuan currency adjustments, he said, shows how the role of China in the Asian region is quite dominant. Only, Let’s still not so sure that the Yuan may soon become one of the major currencies in trading. Because, Let’s assess the Yuan is not fully comfortable position because it is still full of capital flows. Therefore, the U.S. Dollar and the Euro is still dominant.
Adjustment of exchange rates and economic growth in Asia supported will make more money flows into the Asian region. Therefore, this condition should be exploited also by Indonesia. “How we use those funds, not only entering the capital market, but foreign investment into the real sector. That’s what we expected,” he added.
In addition, the Indonesian government should also continue to concentrate protect local industries, especially iron and steel industry, footwear and textiles with specific policies or programs co-investment with China. Section, the Asean-China Free Trade Area can indeed be ‘threatened’ third sector.

















