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A win-win solution: Italy can work with China to improve African economies

The main problem that the world faces today is that the West sees China as a world economic power, which is true if we look at aggregate figures of GDP. However, China, while being an important, key player in the world economy, is comprised of people whose income per capita is very low by European standards. We are analyzing how to include Italian ports as the western terminal of the new Silk Road for international shipments. Our northern ports are right in the middle of Europe, and our southern ports are essential for the development of Mediterranean and African economies.

Geraci at Beijing Financial Summit cools down enthusiasm

Geraci attended China Financial Summit 2017 conference, today in Beijing. In his speech, he said Foreign investors are a little reluctant to invest in the Chinese market especially A-Shares for many reasons. Geraci also believes that Chinese interest rates are not high enough to compensate for risk. Moreover, he thinks it is more difficult for China to export its infrastructure model to foreign countries because foreign governments have no control over infrastructure development.

Prodi in Beijing to talk OBOR

Last Friday, the Pangoal Institution and TWAI organized the conference “The Belt and Road Initiative and China-EU Economic and Trade Ties.” Guests included Former Prime Minister of Italy, Former President of the European Commission Romano Prodi, President of the Pangoal Institution Yi Peng, Professor from Peking University Enrico Fardella, Former Deputy Administrator of State Administration of Taxation Xu Shanda, Professor of Applied Economics, University of Ferrara Giorgio Prodi and Head of China Economic Policy Program Michele Geraci. We discussed future cooperation between China and EU under One Belt and one Road.

Could AIIB contribute to more globalisations?

Last year, the bank approved 9 projects, for a total of 1.7 billion USD. 6 of those 9 projects were cooperative projects between AIIB and other banks, like the World Bank and the Asian Development Bank. AIIB only invests 1.7% of its resisted capital. 9 projects does not sound a lot, but it is import to note that most of this projects have concentrated in the transport and energy sectors, which are two of the main key areas of development that central Asia needs.

Geraci speaks at the Opening Ceremony of 2017 CRRC AITDP

Michele Geraci talked about global challenges and opportunities under Trump’s era at the opening ceremony of the 2017 CRRC Advanced International Talent Development Programme, at the University of Nottingham, China. Geraci also discussed Trieste port as an example of terminal for the Maritime Silk Road. Trieste port, located at Italy, is a key location for the 21st Maritime Silk Road. It has a big competitive advantage with Central Europe and it has direct links to Germany and, from there, direct links to Scandinavia.

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