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As the first member of the Group of Seven to join the Belt and Road Initiative, Italy has come to benefit from aligning its plan to develop its northern ports and the InvestItalia program with the China-proposed initiative, which seeks to improve interconnectivity between Asia, Europe, Africa and beyond.

As the country promotes its latest poverty alleviation campaign, the village has seen changes at an increasing rate.

As we speak, China's manufacturing sector is basically open. It is gradually lifting restrictions on access to the modern services sector. And it is opening up the financial sector with accelerated pace and at a higher level. Going forward, China will continue to quicken its steps to increase market access for foreign investment. Take for example foreign ownership caps in joint venture firms in sectors such as securities, future and life insurance. China has brought forward the deadline for lifting the caps from 2021 to 2020. At the same time, China has also cut short the 2019 edition of the negative list on foreign investment, reducing the 48 items on the list to 40.

As reported in China Daily on Wednesday, Beijing made a move to standardize regulations in a transparent way and help level the playing field for foreign enterprises and private firms. As part of opening-up, the shortened Market Access Negative List is expected to make it easier for all market players to invest in China.

As the majority of its member companies are private firms, the Beijing-based CNTAC has been guiding garment manufacturers to tap market resources through both online and exhibition platforms such as the China Import and Export Fair (Canton Fair).