China, Indonesia discuss ways to boost trade relations

Indonesian school children attend as Indonesia's President Joko Widodo hosts Chinese Premier Li Keqiang at the presidential palace in Bogor, Indonesia Monday, May 7, 2018. (Adek Berry/Pool Photo via AP)
Chinese Premier Li Keqiang, second from left, and Indonesian President Joko Widodo pay their respects to their national flags while inspecting an honor guard at the presidential palace in Bogor, West Java, Indonesia, Monday, May 7, 2018. Li is visiting Indonesia to tighten bilateral relationship between the two countries. (Mast Irham/Pool Photo via AP)
Indonesia President Joko Widodo, left, shakes hands with Chinese Premier Li Keqiang as they plant a tree at the presidential palace in Bogor, Indonesia Monday, May 7, 2018. (Beawiharta/Pool Photo via AP)
Chinese Premier Li Keqiang, left, and Indonesian President Joko Widodo shake hands as they hold the mascots of the 2018 Asian Games, from left to right, Kaka, Atung and Bhin Bhin, during their meeting at the presidential palace in Bogor, West Java, Indonesia, Monday, May 7, 2018. Indonesia is preparing to host the games in August. (AP Photo/Dita Alangkara, Pool)
Indonesia's President Joko Widodo, left, and Chinese Premier Li Keqiang walk together at the presidential palace in Bogor, Indonesia Monday, May 7, 2018. (Adek Berry/Pool Photo via AP)
Chinese Premier Li Keqiang, left, gestures while Indonesian President Joko Widodo listens as they deliver their press statement after their meeting at the presidential palace in Bogor, West Java, Indonesia, Monday, May 7, 2018. (AP Photo/Dita Alangkara, Pool)
Chinese Premier Li Keqiang, right, and Indonesian President Joko Widodo inspect an honor guard at the presidential palace in Bogor, West Java, Indonesia, Monday, May 7, 2018. Li is visiting Indonesia to tighten bilateral relationship between the two countries. (Mast Irham/Pool Photo via AP)
Indonesia's President Joko Widodo, left, and Chinese Premier Li Keqiang review Indonesian presidential guards at the presidential palace in Bogor, Indonesia Monday, May 7, 2018. (Adek Berry/Pool Photo via AP)
Indonesia President Joko Widodo, left, and Chinese Premier Li Keqiang plant a tree at the presidential palace in Bogor, Indonesia Monday, May 7, 2018. (Beawiharta/Pool Photo via AP)
Chinese Premier Li Keqiang, left, and Indonesian President Joko Widodo share a light moment as they hold the mascots of the 2018 Asian Games, from left to right, Atung, Kaka, and Bhin Bhin, during their meeting at the presidential palace in Bogor, West Java, Indonesia, Monday, May 7, 2018. Indonesia is preparing to host the games in August. (AP Photo/Dita Alangkara, Pool)
Chinese Premier Li Keqiang, left, confers with Indonesian President Joko Widodo during their meeting at the presidential palace in Bogor, West Java, Indonesia, Monday, May 7, 2018. (AP Photo/Dita Alangkara, Pool)
Chinese Premier Li Keqiang, right, and Indonesian President Joko Widodo inspect an honor guard at the presidential palace in Bogor, West Java, Indonesia, Monday, May 7, 2018. Li is visiting Indonesia to tighten bilateral relationship between the two countries. (Mast Irham/Pool Photo via AP)
Indonesia's President Joko Widodo, left, and Chinese Premier Li Keqiang salute to national flags at the presidential palace in Bogor, Indonesia Monday, May 7, 2018. (Adek Berry/Pool Photo via AP)
Chinese Premier Li Keqiang, left, talks with Indonesian President Joko Widodo at the presidential palace in Bogor, Indonesia Monday, May 7, 2018. (Beawiharta/Pool Photo via AP)
Chinese Premier Li Keqiang, left, and Indonesian President Joko Widodo share a light moment as they hold the mascots of the 2018 Asian Games, from left to right, Kaka, Atung and Bhin Bhin, during their meeting at the presidential palace in Bogor, West Java, Indonesia, Monday, May 7, 2018. Indonesia is preparing to host the games in August. (AP Photo/Dita Alangkara, Pool)
Chinese Premier Li Keqiang, left, listens to Indonesian President Joko Widodo during their meeting at the presidential palace in Bogor, West Java, Indonesia, Monday, May 7, 2018. Li is visiting Indonesia to tighten bilateral relationship between the two countries. (Mast Irham/Pool Photo via AP)
Chinese Premier Li Keqiang, left, walks with Indonesian President Joko Widodo during their meeting at the presidential palace in Bogor, West Java, Indonesia, Monday, May 7, 2018. (AP Photo/Dita Alangkara, Pool)
Chinese Premier Li Keqiang, left, and Indonesian President Joko Widodo pose for a photo during their meeting at the presidential palace in Bogor, West Java, Indonesia, Monday, May 7, 2018. Li is visiting Indonesia to tighten bilateral relationship between the two countries. (Mast Irham/Pool Photo via AP)
Chinese Premier Li Keqiang, left, and Indonesian President Joko Widodo wave during their meeting at the presidential palace in Bogor, West Java, Indonesia, Monday, May 7, 2018. Li is visiting Indonesia to tighten bilateral relationship between the two countries. (Mast Irham/Pool Photo via AP)
Chinese Premier Li Keqiang, right, and Indonesian President Joko Widodo walk together during a meeting at the presidential palace in Bogor, West Java, Indonesia, Monday, May 7, 2018. Li is visiting Indonesia to tighten bilateral relationship between the two countries. (Mast Irham/Pool Photo via AP)
Indonesia's President Joko Widodo, right, and Chinese Premier Li Keqiang shake hands with Indonesian school children at the presidential palace in Bogor, Indonesia Monday, May 7, 2018. (Adek Berry/Pool Photo via AP)
Chinese Premier Li Keqiang, second from left, and Indonesian President Joko Widodo inspect a honor guard at the presidential palace in Bogor, West Java, Indonesia, Monday, May 7, 2018. Li is visiting Indonesia to tighten bilateral relationship between the two countries. (Mast Irham/Pool Photo via AP)

BOGOR, Indonesia — Indonesian President Joko "Jokowi" Widodo hosted China's premier on Monday and the two oversaw the signing of several memorandums aimed at boosting trade between the nations.

After meeting with Premier Li Keqiang at the ornate presidential palace in Bogor, Jokowi said two countries of their sizes should be able to provide benefits for peace, stability and the welfare of the world. China is the world's most populous country and Indonesia is the fourth most populous.

Jokowi said they discussed efforts to improve economic cooperation and that China agreed to import an additional 500,000 tons of Indonesian palm oil.

Indonesia is Southeast Asia's largest economy and China has become its largest trading partner in the past years.

In 2015, China won a contract to build a $5.2 billion high-speed rail line from Jakarta to the West Java's city of Bandung. That project is now stalled and Li is expected to seek to help resolve some of the problems surrounding it.

Li is also expected to meet the Association of Southeast Asian Nations Secretary General Lim Jock Hoi in Jakarta.

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