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Italy Courts Chinese Investors to Restore Ancient Sites

Italy is courting Chinese investors to help spruce up some of its ancient temples and catacombs, a magnet for tourists but a drain on its strained public finances. Culture Minister Dario Franceschini traveled to Beijing this week to promote tax credits on donations to the arts that Italy introduced after years of public spending cuts and inefficient management put its vast cultural heritage at risk. "The involvement of international investors is and will be one of the driving...

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