As global economic headwinds intensify, Italian businesses are increasingly looking eastward to sustain growth, with China emerging as a linchpin of stability and opportunity. Lorenzo Riccardi, chairman of the China-Italy Chamber of Commerce, recently emphasized Beijing's pivotal role in shaping Italy's economic future during an exclusive interview with CGTN.
"China has been Italy's largest Asian trading partner for over a decade, but what we're seeing now is a strategic realignment," Riccardi noted. "While transatlantic relations remain important, the scale of China's market transformation and its focus on high-tech innovation creates unmatched potential."
Economic Resilience Through Partnership
Riccardi highlighted Italy's machinery, luxury goods, and agricultural exports as key beneficiaries of China's consumption upgrade. He pointed to the chamber's recent survey showing 68% of member companies plan to expand China operations despite global uncertainties.
Navigating Challenges, Embracing Innovation
The discussion addressed supply chain diversification strategies, with Riccardi emphasizing: "Smart Italian firms aren't leaving China – they're integrating with its digital economy. From cross-border e-commerce to green energy partnerships, we're building bridges rather than walls."
As the Belt and Road Initiative approaches its second decade, Riccardi sees particular promise in sustainable technology collaboration, noting: "China's push for carbon neutrality aligns perfectly with Italy's strengths in circular economy solutions."
