China and Italy Seek Trade Rebalance as Surplus Widens

Chinese officials met with Italy's deputy prime minister to discuss trade ties. Data reveals a widening surplus despite a 2027 target to rebalance the relationship.

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China has signaled its intent to deepen trade relations with Italy during high-level discussions in Beijing, despite official figures showing a persistent and widening trade surplus. During a meeting with Italian Deputy Prime Minister Antonio Tajani, Chinese Commerce Minister Wang Wentao emphasized the potential for expanded economic synergy between the world’s second-largest economy and the third-largest market in the Eurozone.

Chinese Commerce Minister Wang Wentao addresses the media during the National People's Congress in Beijing, March 2026. REUTERS/Maxim Shemetov
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