Is Italy playing with fire when it comes to China?

Canada News News

Is Italy playing with fire when it comes to China?
Canada Latest News,Canada Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Italy's decision to be the first major European economy to join China's Belt and Road Initiative is likely to cause problems with the EU.

Italy's decision to be the first major European economy to join China's massive investment and infrastructure project, the Belt and Road Initiative , can only exacerbate tensions between Italy and its neighbors.

China sees the BRI as a way to export more of its goods to lucrative markets; its critics see the initiative as a vanity project that increases indebtedness among its participating countries. They also complain that the BRI gives Chinese companies unfettered access to other markets and economies, but that its own is still largely closed to foreign investment.

Italy's anti-establishment coalition government has already clashed with Brussels over immigration and its spending plans. Its deal with China is likely to be another source of tension. Other EU leaders like French President Emmanuel Macron are keen for the EU to have a tougher approach to China and stress the need for reciprocal commercial ties. On Tuesday, Macron said while he wants the EU to deepen its ties with China, there must be a united European front when it comes to the superpower.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Factbox: Italy signs deals worth 2.5 billion euros with ChinaFactbox: Italy signs deals worth 2.5 billion euros with ChinaItaly signed a preliminary accord with China on Saturday that makes it the first...
Read more »

Italy signs deals worth 2.5 billion euros with ChinaItaly signs deals worth 2.5 billion euros with ChinaItaly signed a preliminary accord with China on Saturday that makes it the first...
Read more »

Italy signs deals worth 2.5 billion euros with ChinaItaly signs deals worth 2.5 billion euros with ChinaItaly signed a preliminary accord with China on Saturday that makes it the first...
Read more »

Italy endorses China's Belt and Road plan in first for a G7 nationItaly endorses China's Belt and Road plan in first for a G7 nationItaly endorsed China's 'Belt and Road' infrastructure project on ...
Read more »

Italy signs deals with China worth 2.5 billion euros, more to come: Di MaioItaly signs deals with China worth 2.5 billion euros, more to come: Di MaioItaly signed deals worth 2.5 billion euros ($2.8 billion) during Chinese Preside...
Read more »

Xi says China ready to take ties with Italy into new eraXi says China ready to take ties with Italy into new eraChina is ready to strengthen its 'global strategic partnership' with I...
Read more »

China's Xi looks to strengthen Italian ties, evokes ancient trade routesChina's Xi looks to strengthen Italian ties, evokes ancient trade routesItaly and China want to revive the spirit of the ancient Silk Road by deepening ...
Read more »

Exclusive: China to invite European diplomats to Xinjiang in new diplomatic pushExclusive: China to invite European diplomats to Xinjiang in new diplomatic pushChina will invite Beijing-based European diplomats to visit its far western regi...
Read more »

EU leaders to discuss ways to limit Chinese influence at summit dinnerEU leaders to discuss ways to limit Chinese influence at summit dinnerThe European Union will discuss a more defensive strategy on China on Thursday, ...
Read more »

EU leaders to discuss stronger shield against Chinese influenceEU leaders to discuss stronger shield against Chinese influenceThe European Union will weigh a more defensive strategy on China on Thursday, si...
Read more »



Render Time: 2025-03-04 13:27:42