Italy joins China's New Silk Road project

[Aslan]

Italy has become the first developed economy to sign up to China's global investment programme which has raised concerns among Italy's Western allies.

A total of 29 deals amounting to €2.5bn ($2.8bn) were signed during Chinese President Xi Jinping's visit to Rome.

The project is seen as a new Silk Road which, just like the ancient trade route, aims to link China to Europe.

Italy's European Union allies and the United States have expressed concern at China's growing influence.

What is the Chinese project about?
The new Silk Road has another name - the Belt and Road Initiative (BRI) - and it involves a wave of Chinese funding for major infrastructure projects around the world, in a bid to speed Chinese goods to markets further afield. Critics see it as also representing a bold bid for geo-political and strategic influence.

Italy joins China's New Silk Road project

Italy is the first G7 country to sign up to China's global investment programme, despite Western concerns.

www.bbc.co.uk

 

[asifA1]

This is the fact proof of REALITY of real power & alliance of Pakistan Chinese Turkish nations versus
gheeder phokie power Hindustan U.S.A. & Isreal.

 

[farooqak]

Italy is a kaam chor nation
Not sure if they have any plans to return the money to China

 

[Aslan]

Italy is a kaam chor nation
Not sure if they have any plans to return the money to China

Italy has a poor reputation due to corruption,mafias and political instability.Italy is 8th largest economy of the world.It is G7 country too.I posted this news item because Italy is the first developed country to join BRI.America put a lot of pressure on Italy not to join BRI but Italy still went ahead.This is god news for BRI because it may encourage other countries to join too.It is a win win for China and all countries which are part of BRI.

 

[Humi]

So when is America bringing democracy to Italy?

 

[afghanbhaijan]

This is the fact proof of REALITY of real power & alliance of Pakistan Chinese Turkish nations versus
gheeder phokie power Hindustan U.S.A. & Isreal.

Great alliance between club of donar and accepter nations.

 

[asifA1]

Great alliance between club of donar and accepter nations.

You have the biggest beggar accepter nation Hindustan in there.

 

[ram dar]

You have the biggest beggar accepter nation Hindustan in there.

pakistan is slave of china even then it has to beg the whole muslim world for few dollars, china is going to take Pakistani land and make isolated Chinese colonies.

 

[Modi56]

First european to enter in silk road.