Italy’s parliamentary intelligence committee, Copasir, is set to launch a new inquiry into Chinese investments in the Italian economy, particularly focusing on strategic assets and high-tech start-ups. The investigation, starting in May, will involve extensive hearings with experts, economists, and business representatives, reflecting Rome’s growing concerns over Beijing’s economic presence.
Copasir, under the leadership of Lorenzo Guerini, aims to present a comprehensive report to Parliament in the coming months. This move follows a previous investigation by Copasir seven years ago that looked into China’s involvement in mobile networks and 5G infrastructure, with the current probe expanding its scope.
The report emphasizes Italy’s worries about Chinese stakes in critical sectors, especially concerning infrastructure, technology, and sensitive markets. Of particular concern are small technology start-ups vulnerable to predatory investment practices targeting their intellectual property and industrial secrets.
Recent incidents involving Italian companies like Pirelli and Ferretti have underscored the national security risks associated with Chinese investments. The timing of the inquiry coincides with Copasir’s upcoming visit to the United States for official discussions, highlighting the global implications of the issue.
Rome’s stance on China is further complicated by recent events, including the arrest of a Chinese engineer in Milan on espionage charges. These developments underscore the complex dynamics shaping Italy’s approach to Chinese investments and technology partnerships.
