Italian businesses "look to China" - Seek cooperation with Beijing on electric vehicles
Lorenzo Riccardi, president of the China-Italy Chamber of Commerce, praised Beijing's commitment to further opening up the economy to foreign businesses. He highlighted the potential for cooperation between China and Italy in the electric vehicle sector.
The world watched Beijing closely last week as the country held its annual "two sessions," a major event in the country's political calendar that refers to meetings of the country's top legislature, the National People's Congress.
In the government work report, China reaffirmed its commitment to expanding the economy and stabilizing foreign trade and foreign investment.
"It is clear that China is reflecting sustainable growth with a policy that is encouraging foreign investment, promoting bilateral trade with countries like Italy, but is also consistent in its policies. So, we consider that this in the long term could be an advantage for Italian companies interested in returning to China or starting a new project," said Riccardi.
He said that the Chamber is paying special attention to opportunities for cooperation with China in the electric car market.
"One aspect I want to highlight is the automotive sector and I am talking specifically about the electric vehicle market. We consider that, of course, China is the number one market, the number one manufacturer and is promoting this new trend more quickly. We think that small and medium-sized enterprises from Italy can bring value to the supply chain, but also to the electric vehicle market in China.
"We believe that this is a practical area where Italian expertise, the quality of 'Made in Italy' can also cooperate with Beijing," emphasized the head of the Chamber of Commerce.
Poll
B-Corp Certification for Companies in Albania - Italian Ambassador: It Has Many Advantages. Shkodra: We Launch a Support Program
The benefits of B-Corp certification for businesses operating in the Albanian market were the focus of a meeting held by the Italian Embassy in Tirana, with......
12-month bonds, in "free fall" - Weighted average yield reached 2.73% in the last auction
The interest rate on 12-month treasury bills has recorded another minimum value. In the last auction, the weighted average yield reached 2.73%, significantly......
Albanians are leaving, foreigners are working here! - IHP: Last year, 14% more foreign workers than in 2023
During 2024, a total of 1,536 foreigners were employed in Albania. Data from the latest report of the State Labor Inspectorate shows that 14% more foreign......
Trump vows retaliation against EU tariffs - Warning risks escalating trade war
United States President Donald Trump said he would respond to retaliatory tariffs from the European Union as the global trade war continues to escalate. He......
Rama in conference with Commissioner Kos: Our ambition, Albanians with a European passport within this decade!
In a joint press conference with the Commissioner for Enlargement in the European Union, Marta Kos, the Prime Minister of the country, Edi Rama, stated that......
Russia sets conditions for ceasefire - Kremlin presents US with demands to end war in Ukraine
Russia has presented the United States with a list of demands to reach an agreement regarding the war in Ukraine and restore relations with......
Rama shares a view from the Murriz tunnel: Ready on March 14!
Prime Minister Edi Rama today shared views from the Murriz tunnel, part of the Arbri road connecting Tirana with Dibra, which is expected to open on March......
Global investors, with "eyes" on Albania - AIDA at the real estate fair in France
For the first time, Albania participates with the support of AIDA (Albanian Investment Development Agency) in MIPIM Cannes 2025, the world's largest real......
