Italy May Withdraw from China's Belt and Road as Economic and Geopolitical Concerns Mount

Italy is considering withdrawing from China's Belt and Road Initiative (BRI), which it joined in 2019 as the only G7 member.
Italy is unhappy with the lack of economic benefit from the BRI, with little increase in Chinese investment or exports to China.
Geopolitics is also a factor, with Italy and Europe hardening their stance against China amid the Ukraine war.
Withdrawing would be a loss of face for China ahead of the BRI's 10th anniversary.
India opposes the BRI as it passes through disputed territory between India and Pakistan.

indianexpress.com

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Posted 9/10/2023, 2:32:11 PM