Important deals signed by Italian and Chinese companies

During the official visit of Chinese Prime Minister Li Keqiang in Italy, Chinese and Italian companies signed deals worth 8 billion euros (more than 10 billion U.S. dollars). The deals were signed by business leaders from the Chinese-Italian committee of entrepreneurs, which was founded four months ago. Appearing together with his Italian counterpart Matteo Renzi at an event attended by the committee members and other entrepreneurs from the two countries, Li said the deals, mainly covering two-way investment and technological and financial cooperation, have transcended the traditional buy-and-sell model to demonstrate the high-level coordination of the two countries. For his part, Renzi said that Italy and China enjoy a traditional friendship and a solid basis for cooperation, adding that Italy is willing to work with China to address the challenges brought by economic globalization.