Chinese trade deal did not meet expectations, says Italian Foreign Minister

News Snapshot:

Italy’s diplomat expressed disappointment on Saturday over a contentious investment agreement with China, just prior to his visit to Beijing, fueling speculation that Italy may reconsider its participation. Back in 2019, Italy, facing substantial economic challenges, became the sole member of the G7, a group of industrialized nations, to join China’s Belt and Road Initiative. Chinese President Xi Jinping’s ambitious programme, consisting of massive investments in infrastructure like ports, railways and airports, aims to improve trade ties between Asia, Africa and Europe. Critics say the plan is a Trojan horse to increase Beijing’s influence. The deal is due to be...