Italy to Formally Support China's Belt & Road Initiative

By Bryan Grogan, March 13, 2019

0 0

Italy is planning to sign an agreement with China this month, making it the first G7 country to support China’s Belt and Road Initiative (BRI) just in time for Xi Jinping’s visit to the Mediterranean country on March 22. 

It's presently unclear what the terms of the agreement between the two countries will be, however, in a statement to the Financial Times, Italian undersecretary in the economic development ministry, Michele Geraci, stated the country’s desire for products ‘Made in Italy’ to receive more exposure on the Chinese market. 

According to China's national people’s congress spokesman, Zhang Yesui, who was also quoted in the Financial Times article, 152 countries and international organizations around the world are now signed up to the BRI. 

The proposed move has come under fire from US authorities, who say that Italy will not stand to benefit from the partnership. In response, Chinese authorities laughed off US criticism, with Chinese foreign ministry spokesperson Lu Kang quoted in South China Morning Post as saying “As a major country, Italy knows exactly what policies serve its own interests and it can make its decisions independently.”

With trade ties between China and the US still uncertain, China has turned its attention towards the EU, with President Xi Jingping set to visit Europe at the end of March, inviting European countries, namely Italy, to take a more active role in the BRI

READ MORE: This Music Video for the Belt and Road Forum is Something Else

[Cover image via Unsplash]

more news

Foreign Couples Can No Longer Get Married in China

Next time ayi asks you why you're not married, you can tell her you're not allowed.

Twin Girls Survive 17-Floor Fall in South China

The youngsters reportedly fell out of their parents’ 17th floor apartment through an unlocked window.

China’s Alcohol Consumption Up Nearly 70% Since 1990

While China’s increase in alcohol consumption is stark, it still lags behind the amount of booze consumed in Europe and North America.

China's Latest Viral Food Documentary is All About Breakfast

The new Tencent Video production satisfies our rapid bite-sized content consumption cravings and increased obsession with food.

Canadian Sentenced to Death for Drug Trafficking in South China

11 defendants involved in the massive drug operation were either sentenced to death, life imprisonment or given a limited prison term, depending on their involvement.

41 People Arrested in South China for Illegal P2P Lending

Police have recently arrested 41 people associated with an infamous Dongguan-based peer-to-peer (P2P) lending platform Tuandai.com.

Fabio Cannavaro Resigns as China Soccer Coach After Just 2 Games

The former FIFA World Player of the Year took charge of the side for just two matches, both of which were losses.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at thatsonline for events, guides, giveaways and much more!

7 Days in China With thatsmags.com

Weekly updates to your email inbox every Wednesday

Subscribe

Download previous issues

Never miss an issue of That's Magazines!

Visit the archives

Get the App. Your essential China city companion.