Italy and China in plan for new Silk Road-style trade network

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Xi Jinping visits Rome as Italy becomes first G7 country to back Belt and Road initiative

Italy has become the first G7 country to endorse a contentious plan by China to build a Silk Road-style global trade network, irking its EU and US allies.

The prime minister, Giuseppe Conte, and the Chinese president, Xi Jinping, have signed a non-binding memorandum of understanding (MoU) that could lead to Italy’s participation in China’s Belt and Road initiative (BRI), an ambitious project that envisages Chinese investment in a network of infrastructure projects connecting Asia, the Middle East, Africa and Europe.

Related: Italy pulls out red carpet for Xi Jinping in trade charm offensive

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Source: china
Link : Italy and China in plan for new Silk Road-style trade network

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