MILAN, Sept. 13 (Class Editori) -- The fifth edition of the entrepreneurial mission to China dedicated to SMEs will be virtually held on 8-9 November 2021 and is organized in conjunction with the Italy-China Business Forum.
The initiative will take place on the occasion of the seventh year since the establishment of the BFIC, the entity founded by the Italian and Chinese Governments in 2014 with the aim of promoting economic relations between the two countries.
The mission is mainly organized by the two co-chairs of the Italy-China Business Forum (BFIC): Cassa Depositi e Prestiti (CDP) for the Italian side and Bank of China (BoC) on the Chinese side with the Permanent Secretariat ITA, Confindustria and the China Chamber of Commerce for Import and Export of Machinery and Electronic Products.
The mission is open to small and medium-sized companies operating in the automotive, mechanics, biomedical and green economy industrial sectors.
The goal of the forum is to present for every participating Italian company from two to five potential Chinese counterparts selected by Bank of China's branches in Suzhou and Nanjing and active in the same industrial sectors mentioned above.
Suzhou, with around 10 million inhabitants, is the main economic driving force of Jiangsu, the first city in terms of regional GDP (exceeding 2,000 billion yuan in 2020) and the seventh in whole China (only preceded by Shanghai, Beijing, Guangzhou, Shenzhen, Tianjin and Chongqing). The city's production activities are mostly carried out in its two main industrial parks, the first of which is the Suzhou Industrial Park, that covers 278 square kilometers and has more than 807,000 residents, 91 companies listed in Fortune 500 and the highest concentration of Italian Groups.
The second area is the Suzhou National & Hi-tech Industrial Development Zone, with a 225-square-kilometer width, more than 355,000 citizens and a focus on IT, medical equipment, renewable energy and environmental protection, train transport and geographic information and culture.
To date, the city has attracted more than 17,000 foreign companies from 115 regions and countries with overall foreign investments amounting to 864.2 billion yuan as of 2019 (i.e., 132.4 billion dollars), following only Shanghai and Beijing.
As concerns its concentration index, Suzhou is considered the headquarter of the main "Italian industrial hub" outside national borders. In the so-called "Suzhou Greater Area" — which includes Suzhou and the neighboring cities of Changshu, Kunshan, Taicang and Zhangjiagang — more than 150 Italian companies, 100 of which production ones, are active.
As ITA highlighted, Jiangsu Province is the second Chinese region in terms of GDP after Guangdong and is one of the three Chinese leading regions as concerns Italian products' export in the pharmaceutical, machinery and electric device and material industries.
Moreover,
the Agency added that new development drivers have been considerably
strengthened in Jiangsu over the last years. Investment in research and
development represented 2.82% of the provincial GDP in 2020, while the
number of high-tech companies exceeded 32,000 units.
(Source:Class Editori)
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