China is a very important market for Swiss exports and investment, attracting large numbers of Swiss small-and medium-sized companies eager to expand their businesses and seek cooperation opportunities, a senior Swiss diplomat said. China is rapidly developing in terms of innovation and a batch of high tech Chinese companies have emerged, said Yves Morath, counselor and head of the Swiss Business Hub China at the Embassy of Switzerland in China.
The Yancheng National High-Tech Industrial Development Zone in Yancheng, East China’s Jiangsu province is looking to attract more professionals and innovation resources from Italy to accelerate its development. The zone on Sept 9 hosted the semifinals of the China-Italy Best Startup Showcase & Entrepreneurship Competition (BSSEC) 2018/2019, with 10 shortlisted Italian participants battling it out in the competition’s “advanced production” category.
The US and China have agreed to reopen trade talks next month as concerns grow that the tariff war between the world’s two largest economies could tip the global economy into recession. Senior negotiators will meet in early October, after a call on Wednesday night between the Chinese vice-premier, Liu He, and the US trade representative, Robert Lighthizer, and treasury secretary, Steven Mnuchin.