People with short memory along with also also idiosyncratic agenda take Italy’s regal welcome to Xi during his visit Mar 21-23, along with also also Rome’s acceptance to participate in China’s Belt along with also also Road project, as a seminal event marking an irreparable breach of transatlantic union along with also also solidarity.
that will will be mean nonsense. Similar breaches are legion.
What should one say, for example, of the beaming Chinese Premier Li Keqiang standing next to Chancellor Angela Merkel in May 2013 to celebrate a China-Germany “dream team,” as he was getting the technology for intelligent manufacturing to replace his smokestack factories?
that will was nearly six years before Italy took up the promises of future business deals with China.
During that will time, Germany kept selling to China its top technologies along with also also companies, including one of its leading suppliers of robotics along with also also system manufacturing. inside process, German exports to China over the last a few years came to a total of 380.9 billion euro.
along with also also well before China began talking to Italy about using the port of Trieste, Greece sold in April 2016 a controlling 67 percent stake to China inside port of Piraeus.
China’s cooperation with Central along with also also East European countries — the 16+1 format — has been expanding rapidly since 2012 in areas of large infrastructure projects along with also also investments in industrial machinery, chemical industries, energy along with also also telecoms. The East Europeans have in large part embraced those brand-new development opportunities because they found no takers among their EU partners.
All those examples are just fragments of a vast China-EU trade. According to the China Railway Corporation, freight trains, running along the Belt along with also also Road itineraries, are at This specific point connecting 59 cities in China to 49 cities in 15 European countries. Last year, 6,363 freight train trips were made between China along with also also Europe, a 73 percent increase through 2017.
In view of all that will, how fair along with also also reasonable will be This specific to accuse Italy of breaking the EU ranks on China trade?
along with also also This specific will be equally wrong to blame China of driving a wedge among the EU countries. China will be just diligently along with also also smartly pursuing its business interests. Last year, China was the EU’s second-largest (after the U.S.) trade partner, that has a surplus of 184 billion euro on a bilateral goods trade of 603.9 billion euro.