China and Indonesia inked new trade agreements including US$8 billion in commercial loans for Indonesian infrastructure projects, capping off Chinese Premier Wen Jiabao’s two-day state visit to the Southeast Asian nation, the Wall Street Journal reported. China plans to nearly double its trade with Indonesia by 2015, to a total of US$80 billion, Wen said at a press conference. Trade between the countries was US$36.1 billion last year, with Indonesia carrying a $4.7 billion trade deficit, according to data from Indonesia’s trade ministry. A Chinese business delegation planned to sign roughly US$10 billion of deals during the state visit. China also plans to set up a cooperation fund with Indonesia to focus on maritime safety technology and research.
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