China: a challenge and an opportunity to be seized
China is certainly one of the most expanding and full of opportunities to explore. The signs are under everyone’s eyes, however the European market still has much to do to re-equilibrate the trade balance with China.
The Mediterranean perspectives between the Suez Canal and the New Silk Road
New and important opportunities come in particular from the doubling of the Suez Canal 150 years after its opening: increasing the transport capacity has indeed improved the competitiveness of the Mediterranean. The main effect was to make this merchant route much more convenient than the circumnavigation of the African continent to reach Northern Europe.
Without forgetting the current increase in route infrastructure relating to the New Silk Road project, which could give a new and even more important boost to trade.
“So far, Europe has not been able to respond to China’s strategic design with an effective Euro-Mediterranean policy. We can have two a priori attitudes, to face this Chinese invasion, and both are wrong; a total closure or a total opening “warns Pietro Spirito, President of the Port System Authority of the Central Tyrrhenian Sea (AdSP MTC).
A new investment fund for Italian companies in China
A fundamental channel for a new qualitative leap in the Italian presence in China? An important new financial move to facilitate and implement relations between Italian companies, particularly small and medium-sized companies, and the huge Chinese market.
The two major financial institutions of the two countries, China Investment Corporation (Cic) and Cassa Depositi e Prestiti (Cdp), are currently studying a € 1 billion fund for Italian investments in China. The fund will have an active role as well as financiers, Intesa Sanpaolo and Unicredit.
The case of the Port of Ravenna
But that’s not all: the latest news, for example, speaks of the Port of Ravenna which, thanks to the numerous investments planned, intends to carve out a leading role in the strategic perspective of a new “Silk Road of the Sea” – an infrastructure network that connects China to the Mediterranean via South-East Asia, the Indian Ocean and the mentioned earlier Suez Canal.
In conclusion, there are signs of an increase in the European (and Italian) role in relations with China, and it is up to the economic and political realities to implement them with a view to development and exchange.