Abstract: The fall of Suharto’s regime brought substantial changes in relations between Indonesia and China, and unleashed diverse perceptions of China. Reasons for these changes include the changing nature of Indonesian politics, Indonesia’s position in between the US and China, and the direct results of China’s policy and behaviour. In turn, sectors of Indonesian society, Indonesian business communities and the government have reacted differently and at different times to China and its growing influence. This article explores the inherent variability of Indonesia’s relationship with China over the last fifteen years, which has emanated from different perceptions of Indonesian stakeholders toward China’s rise.