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Agricultural Development Bank of China
CLASS

EU and China must focus on globalization: Italian ambassador

June 09, 2020


Abstract : The diplomat gave his speech at the forum "Experiences from and for China - ideas to relaunch the business". Panerai, CEO of Class: Italy and China can help each other.

MILAN, June 5 (Class Editori) -- Globalization, that is what allowed China to become the second largest economy in the world, suffered hit from the health emergency. "Supply chains are interconnected, we have to get out of this crisis together," explained Luca Ferrari, Italian ambassador in China, participating at the forum "Experiences from and for China - ideas to relaunch the business". "What we are seeing now in China," continued Ferrari, "is a country that is resuming". He said, "China is returning to pre-crisis production levels".

Ferrari recalls that by the end of the year, the Chinese economy will return to growth. The goal "is to start growing again, I think this is also important for Europe, many European countries have very important games to play in China in the second half of the year," added Ferrari. "EU countries must keep the pace. I think there is definitely an opportunity from this pandemic".

In this context, "Italy was the first western country to lend China. Now, it is China that can help Italy but Italy can still help China," said the Editor in Chief and CEO of Class Editori, Paolo Panerai.

When asked about de-globalization, Ferrari said that "I believe the problem existed earlier; I think globalization is going very well in the EU and China. The EU has to deal with the fact that it needs some industries in its territory, but the effort will be to return to the globalized system, so that tourism will restart too".

(Source: Class Editori)

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