China Does Not Seek Favorable Trade For Italian Trade, And Continues To Expand Its Trade And Investment Scale.

Premier Li Keqiang and Italy Prime Minister Lun Qi said in a joint interview with reporters that they were delighted to come to Rome which was not built in a day. China did not pursue the favorable trade surplus, and was confident of expanding the scale of Sino Italian trade cooperation.

When Li Keqiang and Mr Lenzi met with members of the Committee of entrepreneurs, he pointed out that the commercial agreements signed between China and Italy were more than 10 billion US dollars. From a structural point of view, the two sides were more cooperative in the fields of two-way investment and technology and finance, reflecting the high quality and high level of cooperation between the two sides.

Song Hong, director of the International Trade Research Institute of the Chinese Academy of Social Sciences, told the daily economic news reporter that China's trade and investment scale in Italy still has potential and will continue to expand.

Chinese enterprises bring vitality to Italy

According to the statistics in 2013, Italy is a trade deficit with China.

According to the statistics of the European Union statistics bureau, the bilateral trade volume between Italy and China in 2013 was 43 billion 730 million US dollars, an increase of 0.3%.

Among them, Italy exported 13 billion 40 million US dollars to China, an increase of 13.1%, and imports from China 30 billion 700 million US dollars, down 4.3%.

The trade deficit of the Italian side was US $17 billion 660 million, a decrease of 14.1%.

China is the tenth largest export market and the third largest source of imports in Italy.

Italy is also called "the country of small and medium enterprises", and 98% are small and medium enterprises.

The investment of Chinese enterprises undoubtedly brings capital and vitality to Italy.

Song Hong said that Chinese enterprises invested more in Italy after the financial crisis, especially after the European debt crisis. They not only had traditional textile and clothing and leather in Italy, but also had large energy projects.

In Europe, Italy is the second largest investment destination in the UK next year.

According to Bloomberg data, cross-border mergers and acquisitions between the two countries amounted to 3 billion 430 million US dollars.

During his visit to China in June this year, Lenzi expressed the hope that Chinese investors would buy more Italian company shares.

Subsequently, China's national Power Grid Corp bought 35% of its CDPRetiSpA power holding company at 2 billion 100 million euros.

After buying the shares of ENI and Italy electric power company (ENEL) in March this year, the people's Bank of China once again bought shares in Italy's large companies, including Fiat, Italy Telecom and Zhongli insurance, as the asset securitization's handwriting and investment.

In May of this year, Shanghai electric purchased 400 million of Ansaldo energy company's 40% stake in Italy's state-owned enterprise from the state of the company.

According to the statistics of the China foundation, there are more than 90 Chinese mainland companies holding Italian company shares, an increase of nearly 20% over the same period last year.

During his meeting with Italy President Napolitano, Li Keqiang said that the Chinese government welcomes more Italy enterprises to explore the market in China, and will continue to encourage Chinese enterprises to invest in Italy. The two sides can also jointly develop the third party market.

For the joint development of the third party market, Song Hong believes that after China's capital enters Italy's brand enterprises, it can take advantage of Italy brand and China's marketing ability to open up the third party market, so is the cooperation of many textile and footwear enterprises.

Modern China

Feng Zhongping, vice president of the Research Institute, said that some industries in China and Italy complement each other and complement each other in order to cooperate.

With the improvement of China's manufacturing competitiveness, the future competition with these European manufacturing powers and export giants in the third party market is bound to intensify. Joint cooperation and joint development are better than price competition.

He also said that Chinese enterprises investing in Italy enterprises can make use of the advantages of Italy in their friendly language countries to expand their markets.

"China and Italy have the basis of complementary and two-way investment. Through the official visit of the prime minister, we can establish a platform for institutionalization and institutionalization of bilateral investment and economic and trade development, and facilitate two-way investment between the two sides."

Song Hong said.