The President of China, Xi Jinping, received the Prime Minister of Italy, Giorgia Meloni, in Beijing on Monday, after the two countries signed a three-year action plan on Sunday to implement previously reached agreements and experiment with new forms of cooperation. .
Melons is trying to restore relations with Chinawhile fears of a trade war with the European Union (EU) are intertwined with the continued interest in attract Chinese investments towards the manufacture of automobiles y other sectors.
They are five day visit It comes several months after Italy left the Belt and Road Initiativea signature policy of Xi Jinping to build energy and transportation infrastructure around the world to stimulate global trade while deepening China’s ties with other nations.
Despite the turbulence along the way, Italy remains willing to maintain a solid economic relationship with China. Stellantis, a major automaker that includes Italy’s Fiat, announced in May that it had formed a joint venture with Leapmotor, a Chinese electric car startup, to start selling electric vehicles in Europe.
Meloni told business leaders on Sunday that the two sides had signed a industrial collaboration memorandum what includes electric vehicles and renewable energywhich he described as “sectors where China has already been operating at the technological frontier for some time and is sharing the new frontiers of knowledge with partners.”
Los electric vehicles have also become a symbol of growing trade tensions between China and the EU. Brussels imposed provisional tariffs of up to 37.6% at the beginning of July to electric vehicles made in China. The two sides are holding talks to try to resolve the issue before the early November deadline.
