Chinese businesses in Indonesia have warned that new, stricter regulations are harming investor confidence, particularly impacting the nickel sector. Indonesian ministers are prioritizing national sovereignty over natural resources while remaining open to dialogue.

Chinese businesses in Indonesia have issued an unusually blunt warning to President Prabowo Subianto that a wave of tougher rules is hurting investor confidence, exposing growing tension between Jakarta’s push for control of the resources sector and foreign capital that has helped power the country’s nickel boom. Several ministers in Jakarta have pushed back, saying Indonesia must prioritise sovereignty over its natural resources, while stressing the government remains open to dialogue and has.....