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Italian PM courts Chinese investment on visit to Beijing

Published on Jun 11, 2014 10:11 PM
 
Italy's Prime Minister Matteo Renzi gestures as he speaks during a meeting with businessmen at the Shanghai Italy Center in Shanghai on June 10, 2014. Italian Prime Minister Matteo Renzi met on Wednesday with top leaders of China's ruling Communist Party, the latest European leader to beat a path to Beijing's door hoping to attract more investment. -- PHOTO: REUTERS

BEIJING (AFP) - Italian Prime Minister Matteo Renzi met on Wednesday with top leaders of China's ruling Communist Party, the latest European leader to beat a path to Beijing's door hoping to attract more investment.

Mr Renzi, the 39-year-old former mayor of Florence, met Chinese President Xi Jinping, Premier Li Keqiang and National People's Congress Chairman Zhang Dejiang on his first trip to China since becoming Italy's youngest-ever prime minister in February.

"Many people think efficiency (in Italy) is not so good and China has grown very fast, so we need to study China," Mr Renzi said after a meeting at which he and Mr Li signed ten agreements, including a deal for Shanghai Electric to buy a 40 per cent stake in Italian power engineering company Ansaldo Energia.

"We need to work hard to attract more Chinese companies to come to Italy to invest," he added. "Today, these agreements signify the new road."

 
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