Foreign Media: China Is Buying The Whole Of Italy.

In the hundreds of meters away from Church of Duomo in Italy, Italians Clotilde Narzisi and Luca Soliman co operated their cafes.

But now, faced with higher taxes, their only hope now is to sell the cafe to Chinese businessmen.

"The Chinese are the only people who are still buying at present," Narzisi told the Bloomberg reporter at the age of 43. "Taxes are too high. We have eight hours a day to contribute to the country, and only one hour for ourselves".

With Premier Li Keqiang's trip to Italy kicked off, many foreign media reported that Italy has become the largest investment target in Europe after Britain.

When the Chinese businessmen are buying unsustainable Italy shops and cafes, the major companies in Italy are also seeking direct investment in China.

Bloomberg, entitled "Italy's economic downturn and its help to Chinese investors", wrote that this year's cross-border acquisition of Italy has reached US $3 billion 430 million.

Italy is currently the second largest debt country in Europe and its liabilities are as high as 2 trillion and 530 billion dollars. In June this year, Italy Prime Minister Lun Qi visited China and hoped that Chinese investors could buy shares of Italian company and relied on Chinese investment to get rid of this dilemma.

The industry of machinery manufacturing and industrial equipment is the focus of China's current purchase.

"I believe that Italy's good reputation in creativity and brand, coupled with the huge demand for high-quality goods in China, can create a win-win situation." Hu Zuliu, chairman of Chunghwa China capital and chairman of Chunhua capital group, said: "we are very interested in various industries that invest in Italy, such as consumer goods, manufacturing and financial services."

Quartz.com, the news website, published an article entitled "China is buying the whole Italy" on the 14 day.

The article says, in order to encourage

Italy has even set up a website called vendereaicinesi.it, which means "sell to Chinese people".

The website collects all kinds of advertisements for Chinese investors, including real estate, goods and even the entire company.

According to the report, more than 200 enterprises in Italy are controlled by Chinese owners.

The people's Bank of China (Note: the central bank's institutions) has invested in Fiat, Italy Telecom and insurance industry in Italy this year.

Italy's largest financial newspaper, "24 hours Sun", on the 14 day, listed the central bank and other Chinese enterprises' big investment in Italy on the topic of "shopping list from the listed company to the national debt and the Central Bank of China".

The article said that at present, Italy has a trade deficit of 13 billion euros for China, and China really needs to think about how to invest effectively and variously to reduce the proportion of US dollar in assets.

Italy, which is proud of technology, also wants its high-tech assets to be included in China's investment plan.

The article said that in June this year, the Sino Italian economic and trade cooperation forum held in Beijing was successfully held for the first time, while the Prime Minister of Italy, Lenzi, also reached a number of cooperation agreements with the Chinese side during this period, with a value of 1 billion euros.

I believe this visit by Premier Li Keqiang will further consolidate this relationship and promote more commercial agreements.