Abstract. This paper aims to elaborate the Chinese Belt and Road Initiative, through a SWOT analysis of the China-Indonesia relation and investment conditions and a descriptive analysis of the impact of the development of

The Chinese government wants to promote economic transition towards innovative and high technology-added economy. For that purpose and amongst others, the government has launched the Featured Town concept. Although this concept already received many responses in practice, it is hardly clear what is exactly meant by it. Moreover, it is mostly conceived as a regular top-down policy measure. However, in this paper we will argue that the concept would only get its meaning when it would be enhanced by participation of the business and civic society. We will use the ideas of relational and (co)evolutionary economic geography to identify the role of the Featured Town in economic transition. Particularly we will explain how a leading firm, Alibaba, coevolves with the province of Zhejiang and the city Hangzhou to induce the Featured Town concept in an efficient and innovative way. We will conclude that instead of a concept, Featured Town is in fact a complex adaptive system (CAS), where firms, agents and institutes co-evolve with each other, revitalizing the urban geography, as that it is remoulded by the geography itself.