– Italy’s Meloni To Pull Trigger On Belt & Road Exit In Major Blow To China:
The government of Italian Prime Minister Giorgia Meloni is readying plans to pull the trigger on a formal exit from China’s controversial Belt and Road Initiative (BRI), estimated at having funded $900 billion in infrastructure projects globally.
The past weeks have seen increasing reports that Meloni’s Brothers of Italy party has been spearheading a move away from the BRI, though some within the broader center-right coalition unity government have been on the fence. Bloomberg now reports Tuesday that “Italy has signaled to the US that it intends to pull out of a controversial investment pact with China before the end of the year.“
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