Italy and China sign 3-year action plan as Italian leader tries to reset relations

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Italy and China sign 3-year action plan as Italian leader tries to reset relations - Business Mirror

Quick Summary:

BEIJING—Italy and China signed a three-year action plan on Sunday to implement past agreements and experiment with new forms of cooperation, Italy’s Prime Minister Giorgia Meloni said on an official visit to the Chinese capital.

Stellantis, a major automaker that includes Italy’s Fiat, announced in May that it had formed a joint venture with Leapmotor, a Chinese electric car startup, to begin selling EVs in Europe.

Meanwhile, China launched an anti-dumping investigation into European pork exports, just days after the EU announced it would impose the tariffs on Chinese EVs.