Arab Today, arab today chinas new normal offers opportunities
Last Updated : GMT 20:16:35
Arab Today, arab today
Arab Today, arab today

China's 'new normal' offers opportunities

Arab Today, arab today

Arab Today, arab today China's 'new normal' offers opportunities

China flag
Milan - XINHUA

China's ongoing transition to "new normal" featuring slower but higher quality growth means new investment opportunities for Italian companies, according to a report of Milan-based Italy-China Foundation presented here on Tuesday.

The seventh edition of the annual report highlights the essence of the "new normal", which is not fast growth, but a more mature economic structure that relies increasingly on consumption, services and innovation.

"China's industrial system is undergoing a giant transformation process which aims at increasing profitability, reducing overcapacity in many sub-sectors and enhancing innovation in the productive chain," the report reads.

While continuing to offer opportunities to Italian investors, China's "new normal" compared to the past requires Italy's deeper knowledge of emerging sectors and regional economies in the Asian country, Italy-China Foundation President Cesare Romiti stressed presenting the report.

Environment protection, information technology, biotechnologies, new materials and green vehicles are among the developing growth sectors analyzed in the 430-page report, which focuses on the economic potentials of each Chinese province.

The report also underlines China's promise to promote the advancement and reform of its economy while pushing forward the Belt and Road initiative, a move that experts say shows the Asian country's resolve to bring the world closer together through trade and cultural exchanges.

"We need to stop thinking that China serves as the world's factory, because China has great technological innovation, and its economy is opening up to the world," said Alberto Rossi, head of operational marketing and analyst at Italy-China Foundation's Centre of Studies for Enterprises (Cesif).

Statistics from Global Blue, a tourism shopping tax refund service provider which contributed to the report, showed that Chinese shoppers remain the largest tax-free shopping market, accounting for a third of global sales.

Stefano Rizzi, country manager Italy at Global Blue, told Xinhua on Tuesday that shopping is an important part of the holiday experience for regular Chinese travelers in Italy.

Last year, Chinese tourists' purchases were up 56 percent against an average of 16 percent in Italy, he noted.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinas new normal offers opportunities Arab Today, arab today chinas new normal offers opportunities

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinas new normal offers opportunities Arab Today, arab today chinas new normal offers opportunities

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday