Former Italian Official Advocates Diplomatic Approach to China

Michele Geraci, a former Italian economist and undersecretary at Italy's Ministry of Economic Development, has called for European leaders to embrace a more diplomatic approach towards China. Speaking at the Boao Forum for Asia, he emphasized the need for a collaborative strategy, aligning with the shifting dynamics of a multipolar world.

In an exclusive interview with the Global Times, Geraci revealed that he has been in regular contact with Italian officials, advocating for a shift from aggressive rhetoric to a more nuanced understanding of China. He articulated the message that the world is transitioning, necessitating a reevaluation of international relations.

Geraci's communication was highlighted through recent exchanges with Italian Prime Minister Giorgia Meloni, during which he urged her to broaden her perspective on China. His intent is clear: to foster a more comprehensive understanding of China's role on the global stage.

Addressing concerns about the trade deficit between Italy and China, Geraci stated that such a deficit should not be viewed as detrimental. He reassured officials by asserting that Italy's need to import goods from China does not equate to a loss, challenging the prevailing notion that a trade surplus is inherently beneficial.

He reiterated this viewpoint in a message to EU leaders, promoting a diplomatic stance that recognizes the emergence of a multipolar world. Geraci suggested that a more constructive and less confrontational posture towards China is essential for future cooperation.

Geraci's emphasis on a 'more constructive, less aggressive, less anti-China' foreign policy was delivered with urgency, indicating a deep-seated commitment to changing perceptions. He accentuated that misinterpretations of China in Europe are often fueled by short-term political agendas.

He noted that politicians may create an 'imaginary monster' to galvanize support, often at the expense of a realistic view of China. This has led to widespread misunderstandings regarding China's capabilities and the progress it has made in various sectors.

According to Geraci, Europe continues to underestimate China's advancements in technology and industry, particularly in fields such as AI, healthcare, and semiconductors. He criticized the lingering narrative that views China as merely a nation that replicates technologies.

Looking to the future, Geraci remarked on the significance of China's policy direction as outlined in its 15th Five-Year Plan. He highlighted the plan's role in providing clarity and stability, which is vital for navigating the complexities of the global economy in an era of uncertainty.

In conclusion, Geraci stressed that China's five-year plans not only focus on domestic development but also play an essential role in fostering a reliable economic environment globally, thereby reducing volatility during challenging times.