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China is the world’s largest source-garment exporter for multinational brands, ranging from luxury and high-end names such as Armani and Hugo Boss to fast fashion brands such as Inditex (Zara), Gap, C&A and Fast Retailing. China’s clients also include competitive price players like Walmart, Costco, Tesco and Carrefour.

China hopes to work with Italy to expand cooperation into new areas. China will open up further to the rest of the world, and share its market opportunities with Italy and other countries through the annual China International Import Expo and other avenues. Our two countries may fully tap our cooperation potential in ports, logistics, ship-building, transportation, energy, telecommunications, medicine and other fields, and encourage our companies to partner with each other in third markets for win-win cooperation.

China is committed to further strengthening their ties, Li said.

China has started to open some of its State-owned liquefied natural gas terminals to third parties for unloading, with the volume of the first transaction on Sept 20 reaching 100 million cubic meters, xinhua08.com reported.

China has repeatedly vowed to clean up the disorder in its banking system, stressing that long-term efforts will be needed to control banking sector chaos.