Dear Members and Friends of CICC,
The development of COVID-19 in China is having important repercussions on different key sectors in which Italian companies in China operates. Among these the agri-food sector has been experiencing a strong slowdown due to the temporary closure of businesses, the limitations imposed by the quarantine period and the imposition on norms to host clients.
In addition to these factors, the spread of the virus in Italy may have caused a discouragement in the purchase of Italian products.