Transformation of China’s supersized market will suit Italian investors: Wang Yi
Top diplomat’s message to Rome includes benefits of next five-year plan’s focus on rapid move to high-end, more open economy
“Cultural and institutional differences should not become obstacles to dialogue and cooperation,” he said, according to the Chinese foreign ministry’s statement. “The key is to understand and support each other’s core interests and legitimate concerns.”
Wang’s visit to Italy – a member of the G7 group of advanced economies and a founding nation of both Nato and the EU – is a bid to strengthen trade bonds amid strained relations between Beijing and Brussels.
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The Europe-China trade relationship: deficits, disputes and de-risking
Despite Chinese leaders’ efforts all year to mend ties with the EU, trade tensions have continued to simmer. The latest example came on Tuesday, when the 27-member bloc proposed sweeping measures to shield its steel industry from overcapacity that it says emanates from China.