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Italy and China sign trade deals worth €8 billion

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Italy and China sign trade deals worth €8 billion
Italian Prime Minister Matteo Renzi and his Chinese counterpart Li Keqiang review an Italian guard of honor ahead of their meeting in Rome. Photo: Gabriel Buoys/AFP
08:20 CEST+02:00
Italy and China Tuesday signed 20 trade agreements worth €8 billion ($10.3 billion) during a visit by premier Li Keqiang to Rome, Italian Prime Minister Matteo Renzi said.

"China is Italy's second-largest trade partner outside Europe after the United States," Renzi said, without giving any more details of the deals.

"Exports have risen 8.3 percent in the first six months of 2014. But we can do more," he added.

Li echoed Renzi, underscoring that China did not wish to run a trade surplus with Italy and wanted to step up imports of the "made in Italy" brand.

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