Italy Exits China’s Silk Road Initiative

According to Bloomberg, Italy has officially exited China's Silk Road Initiative, which, according to Foreign Minister Antonio Tajani, is because BRI has not produced the desired effects.

China has been formally informed by Italy's government, led by Prime Minister Giorgia Meloni, that Italy is leaving the Belt and Road Initiative. This action validates months-long rumors that Rome intended to withdraw from Beijing's global infrastructure initiative, in which Chinese banks finance projec...

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