China, Italy looking to strengthen trade ties: Xi

ROME (Reuters): Italy and China want to deepen their trade and investment ties, boosting infrastructure and maritime links, Chinese President Xi Jinping said on Friday following talks with Italian President Sergio Mattarella.

Xi is set to sign a deal on Saturday that will see Italy become the first Group of Seven major industrialised nations to join China’s giant “Belt and Road” infrastructure project inspired by the ancient Silk Road trade routes.

“We want to strengthen the synergies between our respective development strategies to enhance cooperation in the infrastructure, port, logistics and maritime transport sectors in order to build a series of concrete projects along the Silk Road,” Xi said, speaking through a translator.