Tag: Belt & Road Initiative

In a major setback for China, Italy has communicated to Chinese Premier Li Qiang its intentions to pull out of the Belt & Road Initiative (BRI).Italian media reported that Meloni and Jiang met at the sidelines of the G20 Leaders Summit in New Delhi on Saturday, where the Italian Premier conveyed about her country’s plans to leave the initiative, which is a global trade and infrastructure plan based on the lines of the old Silk Road that linked China and the West.Italy, the only G7 member country which...