BEIJING (AP)

— During her inaugural visit to China as Prime Minister, Giorgia Meloni announced the signing of a three-year action plan aimed at enhancing cooperation between Italy and China. This agreement seeks to implement previous accords and explore new collaborative opportunities, particularly in the auto manufacturing sector. Meloni's visit comes in the wake of Italy's withdrawal from China's Belt and Road Initiative, a move that has raised concerns about potential trade tensions between China and the European Union. Meloni emphasized the importance of resetting relations with China, highlighting the need for mutual economic interests amid fears of a trade war. She noted that Italy is eager to attract Chinese investments, particularly in electric vehicles (EVs) and renewable energy, sectors where China has established a technological edge. The Italian automaker Stellantis, which includes Fiat, recently announced a joint venture with Chinese startup Leapmotor to sell EVs in Europe, underscoring the ongoing economic ties. Chinese Premier Li Qiang, addressing business leaders from both nations, expressed China's commitment to further opening its markets and ensuring equitable treatment for foreign companies. He called for a collaborative effort to create a fair business environment for Chinese firms operating in Italy. The discussions also touched on the growing trade tensions symbolized by the European Union's recent tariffs on Chinese-made EVs, with negotiations ongoing to resolve these issues by November. Meloni's visit marks a significant step in navigating the complex landscape of international trade and cooperation, as both countries seek to strengthen their economic relationship while addressing emerging challenges.