News Snapshot:
It has been a controversial investment pact ever since the deal was signed in 2019, but Italy is reportedly ready to pull out of China's Belt and Road Initiative. The country is the only G7 nation part of what President Xi Jinping refers to as the "project of the century," or what critics call a "debt trap" designed to create political goodwill and cement Chinese influence on the world stage. Like much of Europe - especially after Russia's invasion of Ukraine - Italy has found itself caught in escalating tensions between the U.S. and China, with regards to trade, investment,...
