Italian Defense Minister Crosetto: “We exported a load of oranges to China, they tripled exports to Italy in three years.”
Foreign PolicyChina’s ambitions in Europe suffered a major setback this week when Italy signaled plans to leave Beijing’s flagship foreign-policy program, the Belt and Road Initiative , underscoring a broader shift in Europe as governments grow increasingly wary of their economic dependence on Beijing.
By exiting the BRI, Rome will be dealing an embarrassing blow to Beijing on the initiative’s 10th anniversary. Italy’s planned withdrawal also reflects a broader reckoning overtaking Europe as many leaders turn away from the deep economic integration that has for years defined the Europe-China relationship. For years, Europe has lagged behind Washington’s confrontational approach to China, especially when it comes to economic integration—or decoupling. But that appears to be changing.
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