Soul Boxer XXI :
Foreign investors invested billions, transferred technology, built the smelters, supplied the equipment, and helped develop the entire industry. Then, after all that, the rules were changed, undermining the stability they had relied on.
Having mineral deposits alone is not enough. Without capital, technology, expertise, and infrastructure, those resources cannot be fully developed.
Indonesia seemed to assume that, after investing so much, China would have no choice but to stay. That became its bargaining chip. But if China decides, "Fine, we'll move our investments elsewhere," the calculation changes completely.
Ironically, this is unfolding under a president who comes from the Suharto political establishment an era remembered for decades of state discrimination against ethnic Chinese Indonesians. History has a way of coming full circle.
Prabowo... oh, Prabowo.
2026-07-22 20:00:54