| Italy and China signed business deals worth about 8 billion euros (6.37 billion pounds) on Tuesday in sectors ranging from energy to engineering, deepening Beijing's commercial ties with the euro zone's No. 3 economy. China has already spent well over 5 billion euros buying stakes in some of Italy's biggest companies this year.
In addition, Italian state investment fund FSI said it had signed a memorandum of understanding with China Investment Corp, a sovereign wealth fund responsible for managing part of China's foreign exchange reserves, for joint investment projects in which each would provide up to 500 million euros...............................................Full Article: Source
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