Southeast Asia has long been a favored destination for Chinese merchants heading “south of the ocean.” Today, this land full of potential is witnessing the increasingly close cooperation between China and Indonesia. Chairman Chen Riling actively promotes bilateral cooperation between the two countries through the Batang (KITB) Wanxin Da Industrial Park, committed to building a platform for shared resources and collaborative development. As the chairman of Wanxin Da, Chen Riling leads his team to delve into the Southeast Asian market and bravely face the challenges of globalization. Relying on the successful practice of the “bilateral dual-park” cooperation model and the strategic deployment of the Batang (KITB) Wanxin Da Industrial Park, Chen Riling has always adhered to achieving win-win results through cooperation and innovation. This model not only provides Chinese enterprises with the opportunity to quickly establish a presence in the Southeast Asian market but also injects a continuous stream of new momentum into the Indonesian economy, promoting in-depth integration of the industrial chain and the sharing of resources.
Chairman Chen Riling’s globalization strategy began in 1999. After years of in-depth engagement in the Southeast Asian market, he has developed a profound understanding of the regional economic landscape. He is well aware that the opportunities and challenges brought by globalization can only be addressed through an innovative perspective and transnational cooperation.
In 2020, he decided to relocate the company’s manufacturing division from Myanmar to Indonesia to align with the changes in the global economy and to respond to the local government’s active call for foreign investment. In 2023, through thorough research, he successfully planned the China-Indonesia Bilateral Dual-Park Batang (KITB) Wanxin Da Industrial Park. He plans to introduce 200 companies to the park over the next 2 to 3 years, driving US$4 billion in investment and creating 200,000 jobs. Over the next five years, the park will also build more than 10 million square meters of standard factory space, creating 1 million job opportunities for Indonesia and promoting the formation of industrial clusters. In 2025, the Batang Industrial Park was upgraded to an economic special zone in Indonesia, becoming a new engine for the country’s economic takeoff. Indonesian President Prabowo hopes to turn this special zone into Indonesia’s “Shenzhen,” further promoting in-depth cooperation between China and Indonesia in the context of globalization and working together to meet future opportunities and challenges.
Guided by the Bandung Spirit of “solidarity, friendship, and cooperation,” the Batang (KITB) Wanxin Da Industrial Park has not only witnessed the vigorous development of economic cooperation between the two countries but also provided a successful example of cooperation in the new era of globalization. Together, they are moving forward to embrace a broader future.
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Tariff Breakthrough: Bypass the 125% surcharge list imposed by the US on China. Relying on the Indonesia-ASEAN Free Trade Area (AFTA) and the Regional Comprehensive Economic Partnership (RCEP), enjoy zero-tariff export benefits for 90% of goods within the region.
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Cost-Locking and Favorable Tax Policies:
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Special zone enterprises enjoy a 15-year corporate income tax exemption (full exemption for the first 5 years, followed by a 50% reduction for the next 10 years) and complete exemption from import duties on equipment.
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Labor Costs: The workforce with individuals under 25 years old accounts for 38%. The average monthly salary in the manufacturing sector is only one-third of that in China.
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Energy Security: Electricity prices are approximately RMB 0.5 per unit, with peak rates at RMB 0.75 per unit.
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Employee Social Security:
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Health insurance: Both the enterprise and employees contribute 1% of the salary.
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Pension insurance: The enterprise contributes 8.4% of the salary.
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Work injury insurance: The enterprise contributes 0.24% of the salary. (Total less than 10%)
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Ready-to-Use High-Standard Factories in the Batang Economic Special Zone, Central Java Province (1 million sqm):
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✓ Complete supporting facilities
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✓ Adjacent to highways
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✓ Bonded area
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✓ Green and energy-efficient factories
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✓ “One-stop” services
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