Chinese FM responds to report that Italian govt wants to reduce or cancel Chinese stakes in key Italian companies
Global Times
By Global Times Published: Aug 11, 2025 09:12 PM
In response to a question on a report claiming that "the Italian government wants to reduce or cancel Chinese stakes in a series of key Italian companies including Pirelli, Ansaldo, and CDP Reti to avoid problems with the Trump administration. Pirelli, for example, could be subject to a sales ban in the US due to Sinochem's shareholding," Lin Jian, spokesperson for China's Foreign Ministry, said on Monday that "China-Italy investment cooperation is mutually beneficial and never targets any third party, nor should it be disrupted by any third party."
"The Chinese government supports Chinese companies in carrying out international cooperation based on market principles. We hope Italy will provide Chinese companies with a fair, just and non-discriminatory business environment, and earnestly protect their lawful rights and interests," Lin said, according to the Foreign Ministry's website.
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