CHINA’S PRESIDENT, Xi Jinping, is due to land in Rome on March 21st. His itinerary will include a state dinner, accompanied by a performance by Andrea Bocelli, an Italian opera star. Even more enjoyable for Mr Xi will be welcoming Italy into his “Belt and Road Initiative” , a programme of infrastructure projects that spans Eurasia, the Middle East and Africa. Italy’s prime minister, Giuseppe Conte, hopes the planned agreement, due to be signed on March 23rd, will boost Italian exports to China.
A dozen EU members have signed memoranda with China. But Italy would be the first G7 country to join the fray. The agreement is not a contract, but its symbolism is nevertheless important. It comes at a time when the BRI is facing a backlash, the EU is trying to forge a more co-ordinated approach to its dealings with China and there is heightened tension between China and America.
The issue has become yet another point of contention within Italy’s coalition government. The anti-establishment Five Star Movement is keen to move ahead. The nationalist Northern League is concerned that cosying up to China puts its alliance with America at risk.
I think China is reality now.
Wo ai Zhonggou !
Italy: ‘Just fyi, we have a butt load of debt and it is getting worse.’ China: ‘Ha!, hold my Harbin.’
World of signatures also
It’s deserved to be an ancient civilization !
With the shit show in the US, why wouldn’t countries get in bed w China?
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