Italy possible withdrawal may lead to future exits from China’s BRI


Source: cnbc.com cnbc.com

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Workers produce large building materials and equipment for export to countries along the Belt and Road. Hai 'an city, Jiangsu Province, China, June 15, 2020. Italy's reported withdrawal plan may set a precedence for a constructive exit from China's global trade and infrastructure initiative, setting the stage for future exits. Italy remains the only Group of 7 industrialized countries that is a signatory of Beijing's signature Belt and Road Initiative, a centerpiece of President Xi Jinping's foreign policy program that was launched a decade ago. At a time of shifting geopolitical alignments that's fragmenting the world's economy, Rome is coming...