Italy joining China's Belt and Road Initiative was atrocious move, Defence Minister says

July 30: Italy made an "improvised and atrocious" decision in joining China's Belt and Road Initiative (BRI), Defence Minister Guido Crosetto has said. Crosetto claimed the initiative had done little to boost Italy's exports, making China the only winner.

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Italy tells China it’s leaving Belt and Road Initiative

Italy officially told China that it will leave the Belt and Road Initiative, or BRI, the first country to do so since the project was launched a decade ago. Despite the decision, Rome still plans to maintain good relations with Beijing, government sources said on Wednesday. Beijing launched the BRI, a global infrastructure and transportation […]

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Italy reconsidering investment pact with China

ROME: Italy is having second thoughts on renewing a controversial investment pact with China. The Belt and Road Initiative (BRI) deal was on the table during May 5 talks in Rome between Chinese Foreign Ministry official Wang Lutong and his Italian counterparts, according to the Italian news outlet Decode39. It was also under discussion when Chinese Foreign […]

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China’s BRI becoming increasingly burdensome, unappealing

Recent reports suggest that Italy is highly unlikely to renew its expiring Belt and Road Initiative (BRI) deal with China early next year. These reports also signify a diminishing appeal of the initiative due to a lack of tangible results and growing tensions. German Chancellor Olaf Scholz had also expressed frustration with the BRI and […]

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