Italian Prime Minister Giorgia Meloni arrived in China on Saturday, July 27, marking her first official visit to the country since assuming office in September 2022. The visit underscores the growing economic ties between China and Italy, particularly in the context of China’s ongoing reform and opening-up policies.
In recent years, Italy has faced sluggish economic recovery, with limited and ineffective assistance from the European Union. According to the Bank of Italy, the country’s economic growth is projected to slow further to 0.6 percent in 2024. Amid these challenges, Italy is seeking new opportunities to stimulate its economy.
China’s expansion of its opening-up policies presents a significant opportunity for Italy. China’s successful cooperation with Southeast European countries, such as Greece, within the framework of the Belt and Road Initiative (BRI) serves as a compelling example. The Port of Piraeus, under Chinese investment and management, transformed from heavy losses to becoming the fourth-largest port in Europe and the leading port in the Mediterranean within just a decade.
By engaging more deeply with China and leveraging the momentum of China’s sustained rapid economic growth, Italy aims to boost its own economic recovery and resurgence. Enhanced cooperation could open new markets for Italian firms, attract investment, and foster technological innovation.
Prime Minister Meloni’s visit is expected to focus on strengthening bilateral trade, exploring infrastructure projects, and deepening cultural exchanges. As Italy looks to hitch a ride on China’s ‘express train’ of development, both nations stand to benefit from a closer partnership.
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China's reform and opening-up spur cooperation with Italian firms
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