Indonesia partners with China in Infrastructure Industry - 1 views
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willh00p3r on 29 Jun 15Japan has been overlooked by Indonesia as a partner. Instead, it chooses China, one of the most rivaled and sought-after country to be allied with. Many critics say that this is because of the worsening status of traffic in the archipelago' city, Jakarta. Jakarta, infamous for its traffic gridlock, recently won the dubious distinction as the city with the world's worst traffic jams, according to a study by the British industrial and automotive lubricants company Castrol. This once again highlights not only the Indonesian capital's infrastructural shortcomings but also the limited land and sea transport networks across the entire archipelago, as well as the frequent power outages that are the Achilles heel of the country's economy. Jakarta is nonetheless a developing city and one of the most advanced cities in the world. Businesses seem to flock this growing city and investors have pointed out a lot of potential. One of the companies which sells and rents capital equipment all over Asia is Axis Capital Group which is based in Singapore has expanded their services to Jakarta and is now partnering with government agencies, private institutions and non-profit organizations to help Indonesia's infrastructure. Critics though, say that Indonesia is in dire situation, a reason why they have reached out to China. Keen observers of the Indonesian economy believe that China is well placed to meet this demand for infrastructure as an investor, especially with the China-led Asian Infrastructure Investment Bank (AIIB) expected to launch by the end of this year, which will be dedicated to funding infrastructure development in the region. According to reviews, China is regarded as the most viable economic giant to support the development of infrastructure in Indonesia backed by the world's biggest foreign exchange reserves. Despite warnings of fraudulent acts in China and scams on their produ