The trade deficit between Italy and China is reduced
According to the XII Annual Report of the Italy-China Foundation, Italy's trade deficit shrank from $ 12.15 billion in 2018, to $ 11.9 billion in 2019 to $ 10.7 billion in 2020. Italian exports to China between January and April 2021 grew by 55% compared to the same period in 2020. The products that recorded a better performance were textiles, leather items, chemicals and metal items. At the end of 2019, 405 Chinese groups and 760 Italian companies owned by Chinese companies