Italy’s Risky Silk Road
The Italian government is keen to join China’s "Belt and Road Initiative" and plans to sign an agreement to this effect during Chinese President Xi Jinping’s upcoming visit to Italy. But although deeper trade and investment ties with China could boost its sluggish economy, Italy should pursue them through the EU, not bilaterally.
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VENICE – Is China’s “Belt and Road Initiative” (BRI) “a train that Italy cannot afford to miss,” as Italian Finance Minister Giovanni Tria says? Prime Minister Giuseppe Conte also thinks Italy should jump on board, saying the multi-billion-dollar Chinese infrastructure plan is “an opportunity for our country.”