US EditionItaly withdraws from Belt and Road Initiative of China: Report
- Italy has officially informed China that it is withdrawing from the Belt and Road Initiative , ending months of doubt over Rome's future in the project.
- Italian Prime Minister Giorgia Meloni, who took office last year, had expressed her desire to withdraw from the initiative, citing its lack of significant benefits for Italy.
- The lack of transparency and concerns about Chinese influence in local politics have fueled opposition to the BRI, and other major European economies like Germany and France did not join.
85 Articles
85 Articles
Italy Withdraws From China's Belt and Road Initiative - American Faith
Italy has informed China that it is removing itself from the Chinese Communist Party’s (CCP) Belt and Road Initiative (BRI). China has claimed the purpose of BRI is to reconstruct the Ancient Silk Road, connecting Beijing to Western Europe. The BRI has been considered “debt-trap diplomacy,” according to Breitbart, where the CCP uses loans for infrastructure projects in developing countries as a means of extending its influence. Italy initially j…
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China Slams 'Smearing & Undermining' of Belt and Road as Italy Exits Project
In October, Beijing's Belt and Road Initiative (BRI) marked its 10th anniversary, with Russia's President Vladimir Putin being one of 130 world leaders who sent delegations to China to celebrate the achievements of the infrastructure megaproject that has helped to connect underdeveloped parts of the globe.
Beijing on Thursday denounced what it called a “Belt and Road Initiative” as Italy announced it was pulling out of a massive Chinese investment project.
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