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Brigid O’Farrell

Both sides welcome each other's financial institutions to enter one another's securities, insurance, wealth management including custody services and futures markets in line with the regulatory framework currently or prospectively in force, according to a joint declaration released after the First China-Italy Finance Dialogue.

Burnett said such long-term infrastructure investments could never be done in a Western economy because they don't deliver fast enough. In China, he added, what you've got is the sort of cooperation which magnificently trains its executives and the people who run it, and takes a long-term view as well.

Brazilian President Jair Bolsonaro's wish for his country to join the Organization of the Petroleum Exporting Countries, or OPEC, could signal that Brazil is willing to make its energy industry better integrated with the global industrial chain, analysts said.

Businesses enabled by social media, such as WeChat, Sina Weibo and livestreaming platforms - known as social commerce - have prospered in recent years in China, with an estimated market value of 360 billion yuan (.7 billion) last year, according to the Internet Society of China.