Conservative Search Engine

Italy Criticized for Joining China s Belt and Road Project
See More From:

Mar 15, 2019 3:29 PM 1+ week ago

Pressure is mounting against Italian Prime Minister Guiseppe Conte to refrain from signing aboard China's Belt and Road infrastructure project next week when Chinese President Xi Jinping visits Italy. Beyond the political ramifications of Italy aligning itself with China, and perhaps finding itself on the business end of Chinese debt colonialism, analysts warn Conte has not fully considered the financial aspects of the arrangement.

Reuters published a summary of the Memorandum of Understanding (MOU) Conte plans to sign when Xi arrives in Rome, finding it "full of broad undertakings" but "short on specific details."

The draft version seen by Reuters discusses cooperation on transportation projects, investment in developing countries, and collaboration between financial institutions.

More specifics could be provided when Xi visits Italy, as the Italian government hinted at least 50 individual deals could be signed with the Chinese president, covering everything from trade goods to oil and gas.

Reuters followed up the MOU outline with an article quoting deep misgivings ...

Read More

Search Builder

(Click to add to search box)
Chinese debt colonialism  senator Marco Rubio  companies colonizing Italy  China Task Force  United States  infrastructure vanity project  Xi visits Italy  President Xi visits  business end  Italy aligning  European Union  Italian government  White House  China Studies  Italy Criticized  Breitbart News  security risks  Similar concerns  Interior Minister  Lucrezia Poggetti  Italian companies  Chinese technology  Chinese companies  EU exporters  draft version  transportation projects  Conte plans  Chinese president  Chinese partnerships  European Commission  Chinese takeovers  EU sectors  FT Washington Worries  Reputation Loss Warning  Italy Italy signs  Italy Criticized  support China  China China  

**Content contained on this site is provided on an “as is” basis. 4Internet, LLC makes no commitments regarding the content and does not review it, so don't assume that it's been reviewed. What you see here may not be accurate and should not be relied upon. The content does not necessarily represent the views and opinions of 4Internet, LLC. You use this service and everything you see here at your own risk. Content displayed may be subject to copyright. Content is removed on a case by case basis. To request that content be removed, contact us using the following form: Contact Us.