Italy was the only major Western country to have signed up to the Chinese initiative. Read more at straitstimes.com.
ROME - Italy made an “improvised and atrocious” decision when it joined China’s Belt and Road Initiative four years ago as it did little to boost exports, Italian Defence Minister Guido Crosetto said in an interview published on Sunday.
The BRI scheme envisions rebuilding the old Silk Road to connect China with Asia, Europe and beyond with large infrastructure spending. Critics see it as a tool for China to spread its geopolitical and economic influence. “The issue today is: how to walk back without damaging relations . Because it is true that China is a competitor, but it is also a partner,” the defence minister added.on Thursday, Italian Prime Minister Giorgia Meloni said her government had until December to make a decision on the BRI, and also announced she would soon travel to Beijing.
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