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), highlighted the significant contributions of Chinese enterprises to Italy’s investment, taxation, and employment sectors. Despite facing challenges such as protectionist policies and regulatory constraints, Yan emphasized the dedication of Chinese businesses to foster economic growth in Italy.
“We hope this report will enhance mutual understanding and foster deeper bilateral cooperation,” Yan stated, underscoring the report’s in-depth analysis and recommendations to improve Italy’s business environment in key areas like employment, operations, and regulatory challenges.
Based on survey data from 92 member companies, the report marks the first comprehensive study of Chinese businesses in Italy, examining their operational status, contributions, and the obstacles they encounter.
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 these sentiments, Andrea Tabella, a representative from the Ministry of Enterprises and Made in Italy, reiterated the ministry’s dedication 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 operating 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 and that more than 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, boasting over 120 members spanning finance, telecommunications, technology, and manufacturing sectors.
The launch event drew approximately 150 participants, including representatives from Chinese and Italian businesses, trade associations, and government institutions.
Reference(s):
cgtn.com
