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Italy joining China’s new Silk Road raises eyebrows in Washington

Italy joining China’s new Silk Road raises eyebrows in Washington

Publicerat av Tony Harkén torsdag, 07 mars 2019.

Italy is planning to formally back China’s multi-trillion-dollar Belt and Road Initiative (BRI). It would become the first G7 nation to join the ambitious project which promises to significantly boost global trade.

Rome is preparing to sign a memorandum of understanding to officially support the project, championed by Chinese President Xi Jinping, by the end of March, according to Michele Geraci, undersecretary in Italy’s Ministry of Economic Development as quoted by FT.

“The negotiation is not over yet, but it is possible that it will be concluded in time for Xi’s visit,” Geraci told the media.

Read moreItaly joining China’s new Silk Road

Publicerat av

Tony Harkén

kina

Klockan i Hong Kong, Kina

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