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Xinhua Silk Road
CLASS

China-Italy: in the first seven months of the year the made in Italy export was equal to 6 billion

October 15, 2020


Abstract : The data was disclosed by the Italian Ambassador in Beijing, Luca Ferrari, during the opening session of the third edition of the Belt and Road Initiative forum. In 2022, the goal is to make the made in Italy restarting. Panerai (Class Editori): the BRI is useful to foster greenfield investments.

MILAN, Oct. 14 (Class Editori) - Six billion euros were exported to China in the first seven months of the year, despite the COVID-19 and due to the fact that China is the first country to have overcome the crisis: this year, in fact, it will probably be the only large country to close the year with a growth by 2% or 3%.The framework has been outlined by the Italian Ambassador in Beijing, Luca Ferrari, during his opening session speech for the third edition of the Belt and Road Initiative forum, organized by Class and Xinhua News Agency. According to some esteems, China should even record a recovery of 10% in 2021, with figures recalling the gold decade, after years around the threshold of 6%, as Paolo Panerai, Editor-in-chief and CEO of Class Editori, has stated during the opening session.

In the last months "we have experienced a stronger presence of Italian companies on online platforms and, in particular, we have noticed that Italian companies have participated significantly more to the Chinese industrial life: many Italian companies have opened new factories and found really profitable business opportunities and I believe they are somehow balancing the losses of their parent company in Italy or in Europe", Ferrari has added.

In this context, the Government has deployed the whole Sistema Italia in the so called "Export pact" launched by the Ministry of Foreign Affairs, which involves the Embassies' network, SACE, Simest and ICE. The strategy is based on some cornerstones.First of all, creating opportunities for Italian companies to take part in the Chinese fair system, which has already restarted despite some restrictions due to the pandemic.The second point is to facilitate the Italian presence on the market through online channels and e-commerce platforms; this is the target which the ICE- chaired by Carlo Maria Ferro- is focusing on. In the end, thanks to SACE and Simest, the system is balancing the cash flow lack, through easier financing mechanisms.

"In prospect, we aim at further developing the collaboration. This year, we have signed agreements in the agricultural, energy, industrial and services field", as Ferrari has explained, "in multilateral terms, after the community agreement on geographical indications, we are pushing in order to reach by the year, or at least in the first months of 2021, the comprehensive bilateral agreement on investments". Despite the pandemic "the collaboration between Italy and China has not stopped", as the Chinese ambassador in Italy, Li Junhua has added.

Ferrari continues by adding that: "we wish to allow 2021 to become a relaunch year. We have the advantage of the G20 presidency. The issues considered, climate, environment, energy, food safety, are important also for Beijing. At the end of October 2021, it will be the moment to see what we have achieved, in the post-COVID phase". However, the turning point's year will be 2022. This will be the Italy-China year of tourism and Beijing's Winter Olympics. There will be a handover with Milano-Cortina, which will host the Games in 2026. "It will be the year of tourism recovery", as Ferrari wishes for.

"Nowadays, Italy has an essential request, apart from investments. In a mutual relationship, it desires greenfield investments", as Panerai has stated.

(Source:Class Editori)

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Keyword: China-Italy exports

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