Participants pose for a group photo at the launch ceremony for the 2024 Development Report of Chinese Enterprises in Italy, which was held in Milan, Italy, on Dec 20. [Photo provided to chinadaily.com.cn]
The 2024 Development Report of Chinese Enterprises in Italy was launched in Milan, Italy on Dec 20, with around 150 participants, including representatives from Chinese and Italian companies and business associations in attendance.
The report, the first industry report to be released by the China Chamber of Commerce in Italy since its establishment in 2021, provides a comprehensive overview of the current development status and future trends of Chinese enterprises in Italy and offers valuable insights for further promoting cooperation between the governments and institutions of China and Italy in the economic and trade sectors.
Yan Dong, president of the China Chamber of Commerce in Italy, speaks at the launch ceremony for the 2024 Development Report of Chinese Enterprises in Italy, which was held in Milan, Italy on Dec 20. [Photo provided to chinadaily.com.cn]
The report was created after an in-depth survey of 92 member companies through a questionnaire, said Yan Dong, president of the China Chamber of Commerce in Italy.
Chinese-invested companies in Italy are currently running smoothly and making important contributions to Italy's revenue, job situation, and taxes, Yan said.
The report shows that more than 65 percent of companies surveyed consider Italy a key market, citing advantages in social and cultural factors, as well as in the job market.
More than half of the companies surveyed plan to increase their workforce in Italy during the next three years. And more than a third intend to invest further in their existing businesses.
At the same time, the report reveals that many Chinese-invested enterprises view protectionism as the biggest challenge and difficulty they face in Italy.
Yan outlined his expectation for a further deepening of the friendly cooperation between China and Italy, and for the countries to jointly create new opportunities for both sides.
Liu Kan, Chinese consul general in Milan, gives a speech at the launch ceremony for the 2024 Development Report of Chinese Enterprises in Italy, which was held in Milan, Italy, on Dec 20. [Photo provided to chinadaily.com.cn]
Liu Kan, Chinese consul general in Milan, said the report details the development of Chinese-invested enterprises in Italy and reflects their long-term commitment and confidence in the Italian market while also expressing hope for improvements in Italy's business environment.
Liu pointed out that 2025 marks the 55th anniversary of the establishment of diplomatic relations between China and Italy, opening a new chapter with more opportunities for development. China will continue to open up further and encourages businesses from both countries to take advantage of these new opportunities to strengthen their ties, Liu added.
Liu also emphasized that China advocates peaceful development and mutual cooperation, and is ready to share development opportunities with countries, including Italy, deepen cooperation, and support global free trade and stable supply chains.
Andrea Tabella, representative of the Italian Ministry of Enterprises and Made in Italy, gives a speech at the launch ceremony for the 2024 Development Report of Chinese Enterprises in Italy, which was held in Milan, Italy, on Dec 20. [Photo provided to chinadaily.com.cn]
The report has provided valuable guidance for better supporting Chinese-invested enterprises in settling in, and operating in, Italy, said Andrea Tabella, representative of the Italian Ministry of Enterprises and Made in Italy.
Raffaele Cattaneo, undersecretary with responsibility for international and European relations in Italy's Lombardy region, speaks at the launch ceremony for the 2024 Development Report of Chinese Enterprises in Italy, which was held in Milan, Italy, on Dec 20. [Photo provided to chinadaily.com.cn]
Raffaele Cattaneo, undersecretary with responsibility for international and European relations in Italy's Lombardy region, said China is Italy's largest trade partner in Asia, and that bilateral cooperation is vital for Italy.
Lombardy, as one of Italy's strongest economic regions, has played a key role in attracting Chinese investment. He emphasized that both sides aim to further enhance mutually beneficial economic cooperation and strengthen their bilateral ties.
