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Witnesses at the hearings expressed hopes that trade tensions would be properly managed and that bilateral trade and economic cooperation would return to normal.

Reiterating that both countries gain from cooperation and lose from confrontation, Xi said the two sides should, in accordance with the consensus he has reached with Trump, push forward the China-U.S. relationship featuring coordination, cooperation and stability on the basis of mutual respect and mutual benefit.

Li Zhanshu, chairman of the NPC Standing Committee, presided over the closing meeting attended by 171 committee members.

Data from the Italian Finance Ministry and European Union (EU) statistical office Eurostat showed that trade between Italy and China exceeded 43 billion euros in 2018.

Many European entrepreneurs agree that expanding investments and businesses in China is a wise and profitable option in the long term, particularly when the country is committed to opening its door wider.