Italy to leave China's Belt and Road Initiative
- Written by AGENCIES
Italian Prime Minister Giorgia Meloni on Sunday conveyed to her Chinese counterpart Li Qiang that Italy is planning to leave China’s inter-continental Belt and Road Initiative (BRI), Bloomberg reported.
Italian Prime Minister Giorgia Meloni met Chinese Premier Li Qiang on Saturday on the sidelines of the G20 Summit in New Delhi. Italy officially signed up for the pact in 2019. China has announced plans to hold a third conference of the BRI in Beijing next month.
What is BRI?
The Belt and Road Initiative (BRI) by China is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in more than 150 countries and international organizations. It is considered a centerpiece of the Chinese leader Xi Jinping's foreign policy.