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

Online Foreign Teachers’ Personal Info to Be Made Public in China

Online classes will also be restricted to a maximum of 40 minutes for all subjects and students of any age.

Only 35% of Americans Support Tariffs on China

The year-long trade war, with massive tariffs levied on both sides, has not been great for either China or the United States.

WATCH: Boy in South China Pees in Elevator, Causes Short Circuit

Another prankster is going viral for relieving himself in an entirely inappropriate place.

22 Arrested for Stealing ¥20 Million in Electricity to Mine Bitcoin in China

The police seized roughly 4,000 mining machines as a part of the investigation.

Canadian Detained in China on Unspecified Charges

The arrest comes hot on the heels of 16 foreign teachers and students being detained in Jiangsu for drug-related charges.

Young Girl Found Dead After Missing for 6 Days in East China

The young child was taken from her home in Hangzhou on July 4 by two tenants in the same building.

US Manufacturers Shifting Production Out of China

US companies are looking for a change of scenery amid the year-long trade war.

KFK Podcast: Andy Announces Plans to Leave China

Check out this week's Kung Fu Komedy podcast!

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

Weekly updates to your email inbox every Wednesday


Download previous issues

Never miss an issue of That's Magazines!

Visit the archives

Get the App. Your essential China city companion.