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Italy Inc.’s China Embrace Ranges From Banks to Energy

  • Public, private sector firms preparing accords for visit
  • Talks include Snam, Ansaldo Energia, banks, Italian ports
People tend to vegetables growing in a field as emission rises from cooling towers at a coal-fired power station in Tongling, Anhui province, China.
Photographer: Qilai Shen/Bloomberg
Updated on

Italy’s government is scrambling to firm up accords from banking and energy to soccer clubs for next week’s visit by Chinese President Xi Jinping, despite pressure from the rightist League of Matteo Salvini which is urging caution in the name of national security.

Many of Italy’s business players are lining up for deals in parallel with the planned signing of a memorandum of understanding that will give Rome a role in the massive Belt and Road Initiative, China’s trans-continental infrastructure project, according to people familiar with the matter.