Posted 9/10/2023, 9:55:33 AM
Italy Plans to Withdraw from China's Belt and Road Initiative Under Meloni
- Italian PM Meloni spoke to Chinese Premier Li Qiang at G20 summit in Delhi
- Meloni privately signaled Italy plans to exit China's Belt and Road infrastructure initiative
- Italy officially joined BRI in 2019 but now wants to withdraw over concerns about relations with US
- Meloni worries about potential Chinese trade retaliation so has delayed communicating decision
- Italy's ambassador to China previously warned of "negative consequences" if Italy exits Belt and Road