Chinese and Italian officials, along with business leaders, have reaffirmed their commitment to strengthen collaboration and mutual prosperity during the launch ceremony of the 2024 Development Report on Chinese Enterprises in Italy held in Milan on Friday.
The event, which took place in Lombardy Region’s capital, featured key remarks from Yan Dong, president of the Chinese Chamber of Commerce in Italy (CCCIT). Yan highlighted the significant contributions of Chinese enterprises to Italy’s investment, taxation, and employment, despite facing challenges such as protectionist policies and regulatory constraints.
“We hope this report will enhance mutual understanding and foster deeper bilateral cooperation,” Yan stated, emphasizing that the report offers recommendations to improve Italy’s business environment through in-depth analysis of key areas including employment, operations, and regulatory challenges.
Based on survey data from 92 member companies, the report is the first comprehensive study of Chinese businesses in Italy, examining their operational status, contributions, and challenges.
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, safeguard global free trade, and ensure the stability of industrial and supply chains,” Liu affirmed, reaffirming China’s commitment to peaceful development and mutual prosperity.
Echoing this sentiment, Andrea Tabella, a representative from the Ministry of Enterprises and Made in Italy, reiterated the ministry’s commitment to stronger collaboration with the CCCIT to unlock new opportunities for mutual growth. He underscored that the report would serve as a helpful guide for Chinese enterprises in Italy.
Raffaele Cattaneo, secretary general of the Lombardy Region, highlighted the region’s strategic importance in China-Italy economic relations. He noted that Lombardy attracts over 50 percent of Chinese investments in Italy, with more than 60 percent of surveyed companies planning 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, boasting over 120 members across sectors such as finance, telecommunications, technology, and manufacturing.
The launch event drew approximately 150 participants, including representatives from Chinese and Italian businesses, trade associations, and government institutions, reflecting the strong interest in fostering deeper economic ties between the two nations.
Reference(s):
cgtn.com
