Italy signed a memorandum of understanding with China during Xi Jinping’s visit last week, agreeing to be the first G7 nation to take part in China’s Belt and Road Initiative, said the South China Morning Post.
Among the twenty-nine other agreements signed in Rome during the state visit, two were port management deals between the China Communications Construction engineering company and the ports of Trieste, Italy’s biggest seaport.
Other agreements also cover areas such as satellites, online commerce, agriculture, beef and pork imports, media, culture, banking, natural gas and steel.
Italy’s move to welcome Chinese investment has been met by criticism from other EU member states including France and Germany, both calling for stricter rules on Chinese investments in the European Union.
You must log in to post a comment.