ONE year ago, Italy became the first member in the G7 group to sign a memorandum of understanding (MoU) to join the Belt and Road Initiative.
President Xi Jinping’s state visit to Italy in March last year has reaped great results. Michele Geraci, undersecretary of economy at the time, who was, among other things, responsible for international commerce, and a supporter of the MoU, declared, “The specific results of this agreement will depend on how the tasks related to international commerce are managed, from the Ministry of Economy to the Ministry of Foreign Affairs.”
A Necessary Dialogue
The economy is not everything. Without a dialogue between the two countries’ financial institutions, it would be impossible to move forward successfully. Therefore, Italy has simultaneously undertaken negotiations based on the acceleration of Chinese reforms, specifically on the financial side.
An example of this is the new Foreign Investment Law that Beijing approved in March last year during the plenary meetings of the National People’s Congress.
During the meetings at the G20 summit 2019, Chinese Minister of Finance Liu Kun and Italian Minister of Economy and Finance Giovanni Tria signed the MoU on Financial Dialogue. In July last year, this agreement was further boosted in Milan during the first bilateral financial forum, that saw the two stakeholders engage in a long-term action plan. The role of the Deposit and Loan Fund (CDP, its acronym in Italian) – the Italian sovereign wealth fund – was also crucial as it devised a specific strategy for China.
Bu hikaye China Today (English) dergisinin May 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye China Today (English) dergisinin May 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
A City with Vision for the Future
LOCATED on the edge of Xinjiang Uygur Autonomous Region, at one of the farthest points in China from the sea, stands a city that began to embrace its great economic takeoff just 10 years ago.
Setting out on the Great Rejuvenation
THE centenary of the Communist Party of China (CPC) was marked by a grand gathering held on July 1 at Beijing’s Tian’anmen Square.
A Similar History Has United Us
— Interview with Carlos Miguel Pereira, Ambassador of Cuba to China
The CPC's 100 Years of “Routine Miracles”
AT a grand ceremony commemorating the centenary of the founding of the Communist Party of China (CPC) at Beijing’s Tian’anmen Square on July 1, Xi Jinping, general secretary of the CPC Central Committee, solemnly declared the completion of building China into a moderately prosperous society in all respects, the country’s first centenary goal.
An Open Xinjiang with Multi-Ethnic Beliefs
SINCE ancient times, Xinjiang has been a region where ethnic groups live together, religious beliefs are diversified, and many cultures coexist. Primitive religion and Shamanism were initially prevalent in the region.
Xinjiang in My Eyes
ON May 24, 2021, I boarded a flight to Urumqi from Beijing with a group of Chinese and foreign journalists to learn more about Xinjiang Uygur Autonomous Region, a vast territory that is home to many ethnic groups and diverse cultures. The visit has left me with lasting memories and a deeper understanding of the people and the region as a whole.
Stability and Development Are the Strongest Evidences of Human Rights
OVER the past months hostile elements in certain Western countries have trumped-up charges against China concerning human rights in Xinjiang, spreading lies about “forced labor,” “genocide,” and “religious oppression” in the region.
BRI Nexus Promoting Multilateralism in a Post-Pandemic World
BORN of centuries-long interactions between China and other civilizations along the ancient Silk Road, the Belt and Road Initiative (BRI) appears as the quintessential manifestation of multilateralism on the world stage since the Second World War which was, sad to say, one of quite a different kind.
Tourism Boosts Rural Revitalization in Ili
THEY say you never know how big China is until you come to Xinjiang, and never know how beautiful Xinjiang is until you come to Ili.
Xinjiang's Cotton Industry Gets Smart
LOCATED in the northwest of China, Xinjiang Uygur Autonomous Region boasts long hours of sunshine and ample water for irrigation — making the region geographically ideal for growing cotton. Cotton grown in Xinjiang, which has good coloration and long fiber, is favored in both domestic and foreign markets.