Posted 3/24/2024, 9:00:25 AM
Italy Withdraws from Belt and Road but Relations with China Remain Strong
- Italy has withdrawn from China's Belt and Road Initiative, but relations remain strong with plans for the Italian president and prime minister to visit Beijing this year
- The countries are negotiating a 3-year action plan to relaunch their strategic partnership that started in 2004
- A major Italy-China economic meeting will be held in Verona in April with government and business leaders
- Italy has invited Chinese automakers BYD and Chery to build plants in Italy
- Cultural events like Art Basel help promote understanding between countries amid geopolitical tensions