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Global downturn, search for balance in trade

China Daily | Updated: 2011-06-02 08:01

Global downturn, search for balance in trade

Inaugurating a new Marcegaglia Group processing plant in Yangzhou, Jiangsu province: Italian Ambassador Attilio Massimo Iannucci, Steno Marcegaglia, chairman of Marcegaglia Group, and Yangzhou Mayor Xie Zhengyi. Provided to China Daily

According to data from the Italian Institute for Foreign Trade, Italy was China's 15th largest trading partner in 2009 with nearly $31 billion in imports and exports, an 18.3 percent decrease from 2008, reflecting the significant effects of the global economic crisis.

Global downturn, search for balance in trade

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