Indonesia’s nickel rule changes are spooking Chinese investors

Chinese investors in Indonesia’s nickel industry recently sent a formal protest letter to President Prabowo Subianto. The message reflects their concerns over Indonesia’s political and economic direction, and the long-term trajectory of Chinese investment and Indonesia’s industrialisation programme will hinge on how Indonesia resolves them. The letter, submitted by the China Chamber of Commerce in Indonesia (CCCI), complained about a series of government policies, including proposed royalty...