China and Chinese Investment

Italy: Chinese investors are particularly active in the real estate sector, but they also have interest in fashion, luxury goods and yachting, Monti explained, according to Xinhua China. He expressed the hope to see more Chinese investment in Italian infrastructure. "We need international capital. China has four trillion U.S. dollars of foreign exchange reserves and has to invest while Italy has know-how for a lot of excellent products but lacks the financial resources to develop them, he noted. There are already some advanced negotiations on specific projects and I hope to see them finalized soon." China and Italy are collaborating in a very intense way on agro-technology, said Monti, adding China is going to be a top-priority market for Italian farm products. He was impressed by China presence at the Milan Expo. "China for us is a fundamental partner. Italy wants to work in a more structured way to better tackle the Chinese market and the Italian business community has to know the Chinese distribution net better, said Monti. (news.financializer.com). As reported in the news.