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China – First overseas stop of the internationalisation roadshow

An internationalisation roadshow for Italian businesses has begun its overseas tour in China. In the presence of 100 companies, consortia and research organisations, the meeting allowed Chinese operators to gain a greater insight into Italy’s strategy for supporting businesses, promoting exports and attracting investments. It also focused on Chinese development priorities and stimuli to which our economic system needs to respond. The event was opened by the Director-General for the Promotion of the Italian Economic System, Vincenzo De Luca, and speakers included the Head of International Business at SACE, Michal Ron; the director of ICE, Claudio Pasqualucci; the Vice President of the Italian Chamber of Commerce, Valtero Canepa; and delegates from Banca Intesa, Case New Hollande, Ansaldo Energia and Scuola Superiore Sant’Anna, Pisa.

Ministry of Foreign Affairs is committed to “building a system”

Mr De Luca emphasised the commitment of the Ministry of Foreign Affairs to “build a system” to promote the diplomatic economic agenda for growth, and refine the strategy for the Chinese market. The accession of the People’s Republic of China to the World Trade Organisation has radically changed the structure of international trade, but Italy has adapted better than other countries to the new conditions and has mostly been able to retain its world export quota. Last year, it was the second biggest recipient of foreign investments, but the trade balance with Beijing still shows a large structural deficit. The decline in Chinese manufacturing and a negative cycle in the construction industry have led to a reduction in Italian machinery exports, although sectors like agribusiness still have considerable untapped potential.

“Industry 4.0”

China is going through a period of profound transformation from an economy based on production for export and investment in infrastructure to one driven by consumption and innovation.  “Industry 4.0”, the fourth industrial revolution, involving the digitisation and automation of production, is key to our companies remaining competitive in this market, and is extremely important. Further opportunities exist for cooperation between Italy and China, on the environment, health, energy efficiency, smart cities and may also involve start-ups in both countries. The roadshow is the first opportunity to bring together all the public and private parties involved in the Italian economic system and committed to joint action in the medium term across the country and now also internationally. In detail, public institutions, private businesses and the main players in the world of finance meet companies to discuss internationalisation issues.