Chinese and Italian Leaders Strengthen Ties at Milan Event
Chinese and Italian officials, alongside business leaders, have reaffirmed their commitment to enhanced collaboration and mutual prosperity during the launch ceremony of the 2024 Development Report on Chinese Enterprises in Italy.
The event, held on Friday in Milan, the capital of the Lombardy Region, gathered key figures from both nations. Yan Dong, president of the Chinese Chamber of Commerce in Italy (CCCIT), emphasized the significant contributions of Chinese enterprises to Italy’s investment landscape, taxation, and employment sectors. Despite challenges such as protectionist policies and regulatory constraints, Chinese businesses continue to play a vital role in Italy’s economy.
“Chinese enterprises have been instrumental in boosting Italy’s economy,” Yan Dong stated. “We hope this report will enhance mutual understanding and foster deeper bilateral cooperation.”
The report, based on survey data from 92 member companies, is the first comprehensive study of Chinese businesses in Italy. It provides an in-depth analysis of key areas, including employment, operations, and regulatory challenges, and offers recommendations to improve Italy’s business environment.
Chinese Consul General in Milan, Liu Kan, praised the report as a valuable resource for policymakers and business leaders. “China stands ready to share its development opportunities with Italy and the world,” Liu said. “We are committed to safeguarding global free trade and ensuring the stability of industrial and supply chains.”
Representing the Ministry of Enterprises and Made in Italy, Andrea Tabella reiterated the ministry’s commitment to stronger collaboration with the CCCIT. “This report will be a helpful guide for Chinese enterprises in Italy,” Tabella noted. “We look forward to unlocking new opportunities for mutual growth.”
Raffaele Cattaneo, secretary general of the Lombardy Region, highlighted the region’s strategic importance in China-Italy economic relations. “Lombardy attracts over 50 percent of Chinese investments in Italy,” he said. “Over 60 percent of surveyed companies plan to expand their investments in the region over the next three years.”
Founded in 2021, the CCCIT is the sole officially recognized organization representing Chinese enterprises in Italy, with over 120 members spanning finance, telecommunications, technology, and manufacturing.
The launch event drew approximately 150 participants, including representatives from Chinese and Italian businesses, trade associations, and government institutions, signaling a strong commitment to deepening economic ties between the two nations.
Reference(s):
cgtn.com
