Italy ponders exit from China’s ‘Belt and Road’ – Bloomberg ...News

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Italy ponders exit from China’s ‘Belt and Road’ – Bloomberg
The country is the only G7 nation that signed up to the initiative Italy may pull out of Beijing’s ‘Belt and Road’ infrastructure project amid mounting tensions between the world’s two superpowers, the US and China, Bloomberg reported on Saturday, citing sources. Italy is the only Group of Seven (G7) country that has a memorandum of understanding (MOU) on the initiative with Beijing, set to expire next year. According to the report, Italian Prime Minister Giorgia Meloni wanted to make an announcement on Italy’s participation in the ‘Belt and Road’ by May’s G7 summit, but is still undecided as to whether the MOU sh

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