In a significant move to bolster bilateral relations, Chinese and Italian officials, alongside business leaders, have reiterated their commitment to enhanced collaboration and mutual prosperity. The occasion was marked by the launch of the 2024 Development Report on Chinese Enterprises in Italy on Friday in Milan, the capital of Italy’s Lombardy Region.
Yan Dong, president of the Chinese Chamber of Commerce in Italy (CCCIT), delivered a keynote speech highlighting the substantial contributions of Chinese enterprises to Italy’s investment landscape, taxation, and employment sectors. Despite facing challenges such as protectionist policies and regulatory hurdles, Chinese businesses have continued to invest and thrive in Italy.
“We hope this report will enhance mutual understanding and foster deeper bilateral cooperation,” Yan stated, emphasizing the report’s in-depth analysis of key areas including employment, operations, and regulatory challenges. The report offers recommendations aimed at improving Italy’s business environment, based on survey data from 92 member companies. It stands as the first comprehensive study of Chinese businesses operating in Italy, examining their operational status, contributions, and the obstacles they face.
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 affirmed. “We are committed to safeguarding global free trade and ensuring the stability of industrial and supply chains.”
Italian officials echoed this sentiment. Andrea Tabella, representing 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 highlighted the report’s role as a helpful guide for Chinese enterprises in Italy.
Raffaele Cattaneo, Secretary General of the Lombardy Region, underscored the region’s strategic importance in China-Italy economic relations. He noted that Lombardy attracts over 50 percent of Chinese investments in Italy, and 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. With over 120 members spanning finance, telecommunications, technology, and manufacturing, the chamber plays a pivotal role in facilitating business relations between the two countries.
The launch event drew approximately 150 participants, including representatives from Chinese and Italian businesses, trade associations, and government institutions. The gathering highlighted a shared commitment to deepening economic ties and fostering a collaborative future.
Reference(s):
cgtn.com