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This paper purpose is to predict Economic Relations of ASEAN (Indonesia) + China After AIIB (the Asian Infrastructure Investment Bank), answering economic crisis questioned that hit the United States and the European Union in 2009 and is still in the recovery process until now, and has made many of Asian countries particularly East Asia such as China began a diversification of market and investment destination and increase economic cooperation to the other regions (ASEAN), particularly Indonesia. Therefore, at first, this paper tries to analyze China economic relations with Indonesia. Second, the effective rate of China trade and investment in Indonesia. Third, prediction of Indonesia and China economic situation after AIIB cooperation. Indonesia relate governance with national policy, which will be correlated with the level of supranational/regional intergovernmental (regionalism and integration) which aims, among others; financial sector to stimulate research and development, increase the spread of technology, reducing managerial differences in running the business and implementing a system to change for the better. Dinamika Global | Volume 02 | No.01 | Juni 2017 2 1) China as Big Trader in Indonesia a) Regionalism and Integration ASEAN (Indonesia) is a regional organization to regional countries in Southeast Asia has become one of the superb, because of passion and huge market growths. Premises versus Europe where regionalization needs to be done to create distinctive and protected areas, then in East Asia based on an open membership and global liberalization. And this form of so-called "open-regionalism" formed within APEC and AIIB, after the financial crisis of 2009, the ASEAN (Indonesia) + China to find its momentum as an "openregionalism". China is to be a liaison utilizing regional and global economy, which makes China was able to establish free trade with the United States and the EU, and at the same time free trade with ASEAN (Indonesia) (Woosik Moon: 2011). Regionalism and Integration in East Asia initially considered lags behind other regions, although the integration process continues (Chang Jae Lee: 2008). Regionalism East and Southeast Asian region to find its momentum departing from the global crisis centered in the United States and the European Union which has strong trade ties with the East Asian countries that have a high risk to economic growth. Thus, inter-regional trade is viewed as a potential engine of economic growth. ASEAN (Indonesia) + China is considered representative of this trend (Donghyun Park, Inwon Park, and Gemma Esther B. Estrada: 2012) Dinamika Global | Volume 02 | No.01 | Juni 2017 3 Therefore, China is trying to expand its influence in financial and infrastructure aspects by AIIB (the Asian Infrastructure Investment Bank) to enlarge the capital pool indispensable for infrastructure development in Asia. As an innovative platform for multilateral cooperation, AIIB will advance Asian financial cooperation under the principle of openness and universal benefits. And China welcomes the participation of other Asian countries in the establishment of AIIB (Zhang Monan, 2015). b) Implementation and Transformation of ASEAN (Indonesia) + China ASEAN (Indonesia) relate governance with national policy, which will be correlated with the level of supranational / regional intergovernmental which aims, among others; financial sector to stimulate research and development, increase the spread of technology, reducing managerial differences in running the business and implementing a system to change for the better (V. Rodriguez and A. Soeparwata: 2012). ASEAN (Indonesia) shows the crucial role of state and government (state-centric) in promoting the domestic industry to seize a larger market, so as to create growth and prosperity. As well as showing the active role of government in the integration, which was previously regarded as a monopoly of the industry. And ASEAN (Indonesia) seeks to implement PTA (Preferential trade agreements), FDI (foreign direct investment), mergers and acquisitions in order to increase welfare (i.e.: Dinamika Global | Volume 02 | No.01 | Juni 2017 4 reduce poverty) and competition policy (Toby Kendall and Cillian Ryan: 2009). Productivity effects of spillovers of China’s FDI by AIIB later, which flows into the ASEAN (Indonesia) countries. And the contemporary test results of studies using direct and indirect approaches have shown strong evidence that FDI causes productivity growth in the ASEAN (especially Indonesia) countries, which has a correlation of theoretical predictions regarding the relationship between FDI and productivity overflow (Nathapornpan Piyaareekul Uttama and Nicolas Peridy: 2010). Competition policy has also brought a change in the dynamic comparative advantage between ASEAN (Indonesia) and China. By using statistical methods and econometric RSCA index (symmetric revealed comparative advantage), has been demonstrated that increasing the comparative advantage between countries of ASEAN (Indonesia) + China and compete Japan’s influence, which receives the support of increased production of increasingly de-specialization. And almost all ASEAN (Indonesia) + China began to change the economic and trade strategies of raw materials to manufacture (Tri Widodo:

ECONOMIC RELATIONS OF ASEAN (INDONESIA) + CHINA AFTER AIIB