UniCredit bank promoting Chinese-Italian cooperation

ROME (AP) — UniCredit bank says it has signed a memorandum of understanding with the Export-Import Bank of China to foster “long-term relationships in order to promote cooperation” between Chinese, Italian and Central European companies.
The signing took place Wednesday in Milan, which hosted a top-level Chinese-Italian financial forum.
UniCredit Chairman Fabrizio Saccomanni called the memo a “concrete step forward in supporting European corporates’ economic growth