Why did Italy join BRI?

Why did Italy join BRI?

The Italian Government also claims that states with relatively smaller economies are unable to benefit from the EU-China trade policies, which prompted Italy to join the BRI. Moreover, Italy is not the only EU Member state participating in BRI.

Did Silk Road go through Italy?

The Silk Road routes also opened up means of passage for explorers seeking to better understand the culture and geography of the Far East. Venetian explorer Marco Polo famously used the Silk Road to travel from Italy to China, which was then under the control of the Mongolian Empire, where they arrived in 1275.

Will Italy’s belt and Road Initiative worsen tensions with China?

Italy’s decision to be the first major European economy to join China’s massive investment and infrastructure project, the Belt and Road Initiative (BRI), can only exacerbate tensions between Italy and its neighbors.

Should Italy support China’s BRI?

Italy is a major global economy and a great investment destination. Endorsing BRI lends legitimacy to China’s predatory approach to investment and will bring no benefits to the Italian people. The BBC is not responsible for the content of external sites.

What does Italy’s bilateral deal with China mean for Europe?

Italy’s bilateral deal with China also came a day after French President Emmanuel Macron called for a coordinated European approach to the superpower. “It’s clear that this does undermine Europe’s and the West’s ability to stand up to China,” Federico Santi, senior Europe analyst at Eurasia Group, told CNBC Tuesday.

Is Italy’s deal with China a ‘fantastic’ deal for Xi Jinping?

Italy’s anti-establishment coalition government has already clashed with Brussels over immigration and its spending plans. Its deal with China is likely to be another source of tension. Rory Green, a China and North Asia economist at TS Lombard, told CNBC Wednesday that the deal with Italy was “fantastic” for President Xi Jinping.