Surviving but profits suffer
By Mariella Radaelli | China Daily | Updated: 2013-10-21 07:06
Second-generation Sino-Italian entrepreneurs fighting recession
Sino-Italian entrepreneurs' businesses have continued to post moderate growth throughout Italy's worst economic crisis in decades. Nevertheless, they are showing slight signs of fatigue, especially in the import-export sector, experts say.
"Chinese communities in Italy are also having to weather the crisis, since this is a recession on a European scale and most of the Sino-Italian entrepreneurs' clients are European," says Junyi Bai, president of Associna, the most important and active cultural association of second-generation Chinese-Italians. As a corporate lawyer, Bai also deals with transnational operations between Italy and China.
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