Dialogue to boost relations with Italy
Constructive dialogue on economic and financial policies will help promote closer ties between China and Italy, especially at a time when the latter is determined to further open up its financial and goods markets, a top Italian official said.
“The relationship between Italy and China has always been very good, and we wish to further strengthen it,” Giovanni Tria, Italy’s minister of economy and finance, said in an interview with China Daily.
Tria, who recently held meetings with Chinese Finance Minister Liu Kun, described the discussions as “very fruitful” and highlighted the need for enhancing mutual dialogue and establishing more structured methodology to evaluate mutual understanding of both sides’ policies.
Further cooperation will focus on sectors including technological innovation, environmental protection, renewable energies, agriculture and infrastructure, according to the Italian official, who said he believes that cooperation can benefit Italian and Chinese companies alike.
A statement from China’s Ministry of Finance, issued on its website, said the two sides had discussed the current macroeconomic situation, cooperation relevant to the Belt and Road Initiative, and pushing forward fiscal and financial policy coordination.
Tria said: “The Belt and Road Initiative is a positive and potentially transformative initiative for the major areas around the world. It is a great project of international cooperation aimed at linking economies, societies and peoples.
“It also represents a great opportunity for Europe and Italy in particular. Italy is interested in participating in strategic infrastructure projects along the land and sea routes.”
Though concerns over global trade friction from US President Donald Trump’s protectionist measures have been affecting market valuations and volatility, the Italian minister said: “Protectionist policies never bring benefits to economic development. It is necessary to develop a genuine dialogue aiming to rise above current divisions for the benefit of global growth.”
The latest economic indicators, though mixed, seem to point to a moderating global economic expansion, which is becoming less synchronized and even across countries, experts say. In Europe, there are some signs of moderation in the recent forecast due to uncertainty on the evolution of current trade tensions that could negatively affect investment decisions.
Chi Shi, a researcher at Renmin University of China, says the two countries could further strengthen their relationship in bilateral trade