By  on September 10, 2012

MILAN — Seeking common ground and new business opportunities are top priorities for the Italian and Chinese fashion and textile industries, increasingly so in light of the uncertain global economy and the first signs of a slowdown in China.

It’s a slowdown, Cesare Romiti, president of the Fondazione Italia Cina, quickly put into perspective at the Milano Fashion Global Summit, held here Friday, just as the European Central Bank unveiled its bond plan and said it was prepared to print money. “Gross domestic product in China is up 7 percent compared with the previous 10 percent growth for decades, a rate that is not even imaginable in the West,” he said of the Asian country that is expected to account for 20 percent of the global luxury market in 2015, according to McKinsey & Co.

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