During the China International Import Expo 2019 in Shanghai, I talked about the Italy and China trade relationship on Caixin one of the leading media in China. Here are my key points for the interview: 1) Although Italy and China manufacturing overlap with a high degree of 60%, more cooperation of the complementary 40% will bring opportunities in trade; 2) Chinese companies should do more greenfield investment in Italy to balance the nature of investment flows, which is skewed too much towards M&A. 3) Focus on cross-cultural exchanges. Language and cultural barrier causes cognitive barriers between Italy and China which then lead to missing business opportunities. More knowledge means lower risks and higher propensity to invest. After all, Italia and Chinese culture are very similar, especially with Southern Italy (Trust me on this!)
Tag: International Trade
Italian Exports grew by 8% in May for a cumulative growth of 4% during the first 5 months of 2019
Export of our Made in Italy is confirmed as driving force of our economy. Representing about one third of the country’s GDP, every 1% of export growth translates into 0.3% growth in Italy’s overall GDP. In line with our strategy “Protection of Key Countries and Promotion of Emerging Countries”, a major push came from non-EU countries, where we have concentrated our institutional trips. Great performance of our export in the United States, from where we have just returned.
What emerged from the recent G20 Digital & Trade in Japan?
Italian exports to non-EU countries grow by 6.7%
Germany’s concerns
The article written by Danilo Taino on Corriere della Sera repeats the same topics I’ve already treated in the past: the European Union is beginning to wake up from the torpor and it’s starting to understand that China has a model of economic development with which the EU cannot compete.
Budapest: the Trojan horse for Chinese overproduction
27 out of 28 EU ambassadors criticize the “New Silk Road” initiative (yi dai yi lu 一带 一路) because they believe it is a project aimed at opening new markets for China to reduce its overproduction.
Trump-China Tariffs on Steel. Impact of 0.1%, minimal.
Let’s continue the analysis of the duties that Trump has imposed on steel imported from China and how China intends to respond, using numbers to assess the actual impact, beyond the rhetoric and diplomacy.
More or Less Europe? Liberalism of Protectionism? My Answer to Italian newspaper Op-Ed
Italian newspaper “Il Foglio” has discussed a politicized version of the debate between “More Europe or Less Europe? More free market or more protectionism?” quoting Salvini and Di Maio, the leaders of League and Five Star Movement. Here is my opinion.