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Italian PM ends China visit with 10 trade deals
June 12, 2014, 3:37 am

Italian Prime Minister Matteo Renzi, right, chats with his Chinese counterpart Li Keqiang after inspecting a guard of honor during a welcome ceremony outside the Great Hall of the People in Beijing, China Wednesday, June 11, 2014 [AP]

Italian Prime Minister Matteo Renzi, right, chats with his Chinese counterpart Li Keqiang after inspecting a guard of honor during a welcome ceremony outside the Great Hall of the People in Beijing, China Wednesday, June 11, 2014 [AP]

Italian Prime Minister Matteo Renzi has inked ten trade agreements with China during his trip Beijing this week, an achievement he called will lead to “a new road”.

Renzi met Chinese President Xi Jinping and Premier Li Keqiang during his visit, primarily aimed at wooing Chinese investment for the third-largest economy in the euro zone.

China’s Shanghai Electric has bought a 40 per cent stake in Italian power engineering company Ansaldo Energia.

A Chinese nuclear power firm has also signed an agreement with an Italian company on Wednesday, in a step toward decommissioning nuclear facilities and managing radioactive waste.

China General Nuclear Power Group (CGN) and Sogin, a state-owned Italian company that specializes in environmental remediation of nuclear sites and radioactive waste, will now cooperate on a series of projects.

CGN is one of China’s biggest nuclear power companies, with 11 nuclear power units in operation. Another 13 units are under construction.

Italian Prime Minister Matteo Renzi has vowed to push economic and institutional reforms in Rome.

The Italian economy shrank 0.1 per cent in the first quarter before industrial production returned to growth in April, the national statistics agency said on Wednesday. Standard & Poor’s affirmed its ratings on Italy’s sovereign debt at BBB/A-2 last week and maintained a negative outlook on the country’s economic prospects.

Renzi said Italy would like to benefit from the growing economic prowess of China.

“Italy could increase its exports to China, and China could consider Italy as a country where business can be expanded in several market sectors. In this way, it would be a win-win relation,” Renzi said in an interview to Chinese media ahead of his official visit.

 

TBP and Agencies

 

2 Responses to Italian PM ends China visit with 10 trade deals

  1. CKLING Reply

    June 13, 2014 at 1:25 pm

    RENZI IS AN AMERICAN PUPPET US NOW IS USING ITS ALLIES TO GO AROIUND TO MAKE DEALS WITH CHINA AND PUTS CHINA AGAINST RUSSIA!

  2. CKLING Reply

    June 13, 2014 at 1:30 pm

    Obama wants to SMASH BRICS COUNTRIES!
    The buildup of NATO air and ground forces along the borders of Russia in eastern Europe and President Barack Obama’s American power-influencing trip to Asia have a single purpose. The seen and unseen forces who dictate policy to their political puppets in Washington, London, Paris, Brussels, Berlin, and other vassal capital cities have decided to smash BRICS – the emergent financial power bloc encompassing Brazil, Russia, India, China, and South Africa.
    Bilateral and multilateral discussions among the five emerging economic powers aimed at decoupling BRICS economies from the U.S. dollar as a reserve and trading currency have met with the only power Washington can muster on behalf of itself and its foundering allies – military force. The problems between Ukraine and Russia over Crimea and federalism within Ukraine are a mask designed to cover Obama’s true intentions, which are the smashing of the BRICS as a viable alternative to the neo-colonialist financial systems of the West and subsuming the economies of the BRICS to the whims of the United States and the ever-teetering European Union.

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