Greater China-EU cooperation will instill confidence in multilateralism

PRESIDENT XI JINPING VISITED ITALY, Monaco and France from March 21 to 26. Beijing Youth Daily comments:

Xi's visit laid bare the huge potential of China and Europe to strengthen cooperation in many fields, and has injected new vitality into the comprehensive strategic partnership between China and the European Union.

Italy's signing of a memorandum of understanding on the Belt and Road Initiative will directly boost its economic growth and intensify market interactions between China and the EU. As the first G7 country entering the initiative, Italy can generate more demonstration effects for the other developed economies, prompting more OECD countries to think seriously about the benefits of the initiative.