Italian Foreign Minister After meeting with her Chinese counterpart Wang Yi in the Italian capital said that excellent bilateral relations should translate into a fairer trade balance between the two countries, pointing out that Italy invests 11 billion Euros in China while Chinese investments in Italy total 1 billion Euros.
Bilateral relations include a ''dense network of relationships between businesses, our scientific communities, universities, and territories''.
Italy will open a new consulate in Chongqing, a major city in Southwest China, in January 2014, adding that Italy gives one fourth of its Schengen visas to Chinese people coming into Europe''.
Schengen visa holders can travel to any member country on a single visa, thus avoiding the hassle and expense of obtaining individual visas for each country.
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