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Alternatively, foreign investment is barred in seven sectors and certain defense-related investments are restricted to the Indonesian government. In 2020, Indonesia moved to simplify the organization licensing approach by creating an on the internet application and moving to a “risk-based approach.” On the other hand, the simplified licensing procedure does not screen for national security risks. Instead, enterprise activities are sorted into either high-, medium-, or low-risk categories primarily based on their influence on health, safety, the environment, and utilization or management of resources. Nonetheless, there are hints that Indonesia is concerned about the impact that Chinese investment could have...