look news india
Italian Prime Minister Giorgia Meloni is on a visit to China these days. Meanwhile, the question is what is Meloni doing in China? Her meeting with Xi Jinping is being discussed a lot. In fact, according to PM Meloni's office, after reaching Beijing, Meloni also held an important meeting with Chinese President Xi Jinping to discuss the war in Ukraine and the crisis in the Middle East. Meanwhile, he emphasized the importance of China as a partner in dealing with growing global insecurity.
This visit is to improve relations between the two countries
Maloney's visit to Beijing is being linked to the improvement in relations between Italy and China. It is believed that Maloney is once again trying to strengthen the relationship between the two countries. A statement from PM Maloney's office said, “The two leaders discussed priority issues on the international agenda, from the war in Ukraine to the risks of escalating tensions in the Middle East. They also discussed the growing tensions in the Indo-Pacific.”
Why did Italian PM Maloni visit China?
Indeed, Maloney is trying to restart his country's economic ties with Beijing following Italy's exit from China's flagship Belt and Road Initiative last year and amid deteriorating trade relations between the West and the world's second-largest economy.
Insecurity is increasing internationally: PM Maloney
Maloney said during a conversation at the Diaoyutai State Guest House in Beijing, “Insecurity is increasing at the international level, I think it is very important to talk to China to deal with all this.” Maloney emphasized on trade growth instead of bowing to Beijing. He said, “I think Italy can also play an important role in relations with the European Union. Efforts can be made to create balanced trade relations here too.”
The manufacturing development model of Chinese companies should be adopted
EU trade policy has become more protectionist. China's manufacturing-led growth model can lead to cheaper goods. Chinese companies want to boost exports amid weak domestic demand. The EU also confirmed this month that it would impose an initial tariff of up to 37.6% on imports of electric vehicles made in China, which could escalate tensions with Beijing.
The importance of China for Italy
Italy is strategically important to China. It has already come into conflict with Beijing. In 2019, Italy was the only member of the Group of Seven industrialized democracies to join Xi's Belt and Road infrastructure initiative, billed as a way to rebuild the ancient Silk Road trade route. Italy abandoned infrastructure investment plans last year under US pressure, indicating Rome is still keen to forge stronger trade ties with the Asian giant. They signed a three-year action plan on Sunday.
What was discussed between Maloney and Xi Jinping?
“Both sides are facing important opportunities for mutual development,” Chinese President Xi Jinping told Maloney at the start of their meeting. “China and Italy should maintain a spirit of peace so that we can start a new era,” he said. “The bridge of communication between East and West can be restored.”