Prabowo Subianto during an event to mark the launch of bullion banks in Jakarta on Feb. 26.
Photographer: Muhammad Fadli/BloombergPrabowo Shakes Up Indonesia With Push to Emulate China’s Rise
The Indonesian president has formed a sovereign wealth fund, reallocated billions for his signature programs and wants to influence monetary policy. Investors are concerned his ambitions aren’t matched by realistic policies.
At private dinners with family and confidants, Indonesian President Prabowo Subianto often speaks admiringly of historical figures like Abraham Lincoln, Nelson Mandela and Mahatma Gandhi.
Yet one name stands above the rest: Deng Xiaoping. According to people who have heard the president speak at intimate gatherings, Prabowo reveres Deng both for breaking with party orthodoxy to propel China’s economic miracle and for his resilience — cast aside for years, yet taking power at the age of 74.
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