Italy ‘cherishes’ Chinese investment, wants more

Chinese investment in Italy is “below potential” and should increase, Italian President Sergio Mattarella said on a visit to Beijing.

Italy’s trade with China needs “re-balancing” between import and export, Mattarella told Chinese Premier Li Qiang on Friday, Sky Tg24 reported. Mattarella noted that the value of Italy-China trade doubled from 2016 to 2022 to €74 billion.

Italy “cherishes” Chinese investment in the country and encourages Italian investment in China, which reached €15 billion in 2023, Mattarella said.