Global downturn, search for balance in trade
China Daily | Updated: 2011-06-02 08:01
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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.
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