Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

Italy PM says China-Italy relations viable without Belt and Road.

Italy's Prime Minister Giorgia Meloni attends the European leaders summit in Brussels, Belgium ... Italy's Prime Minister Giorgia Meloni attends the European leaders summit in Brussels, Belgium February 9, 2023. REUTERS/Yves Herman/File Photo
Italy's Prime Minister Giorgia Meloni attends the European leaders summit in Brussels, Belgium ... Italy's Prime Minister Giorgia Meloni attends the European leaders summit in Brussels, Belgium February 9, 2023. REUTERS/Yves Herman/File Photo

Listen to the article now

In a Sunday interview, Italian Prime Minister Giorgia Meloni said that good relations with China are achievable even without the Belt and Road Initiative (BRI).

Italy is the only major Western nation to join China’s BRI plan to recreate the Silk Road to connect China to Asia, Europe, and beyond.
In an interview with Il Messaggero daily, Meloni said it was too early to predict Italy’s decision on whether to stay in the project, which it joined in 2019. Washington and Brussels criticized him.

“Our assessment is very delicate and touches upon many interests,” said Meloni. Unless either side gives three months’ notice, the deal will automatically renew in March 2024.

Before winning office in a September election, Meloni told Reuters she had “no political will… to favour Chinese expansion into Italy or Europe”.

Italy was the only G7 affluent democracy to join the Belt and Road pact, but Meloni observed that it was not the European and Western countries with the strongest economic and trade links with China.

“This means it is possible to have good relations, also in important areas, with Beijing,” she said.

Italy is unlikely to renew the Belt and Road Accord. A senior government official told Reuters earlier this month.

As Rome reviews a shareholder deal at Pirelli (PIRC.MI), whose biggest investor is Sinochem, the right-wing government’s approach toward China will be tested.

China is a major market for most G7 nations, especially exporters like Japan and Germany.
According to officials and academics, G7 leaders agreed to “de-risk” without “decoupling” from China during a conference last weekend, reflecting European and Japanese concerns about pushing Beijing too far.


Comment Template

You May Also Like

Business

Starting in 2024, the IRS will lower the Form 1099-K reporting threshold to $5,000 for business transactions via payment platforms like PayPal and Venmo....

Business

The stock market saw major premarket moves on February 14, 2025. Roku and Airbnb surged on strong earnings, while Moderna and Informatica fell on...

Business

Warren Buffett’s Berkshire Hathaway trimmed its stake in DaVita amid a weaker 2025 outlook, causing an 8% stock decline. Rising costs and dialysis center...

Business

Stock futures dipped amid new trade policy shifts from President Trump, while GameStop surged on crypto investment speculation. Major retailers scaled back DEI commitments,...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok