Can Italy leave the Belt and Road Initiative and still arrive at the same destination with Beijing?
Illustration by Valeria Petrone
Even as breakup messages go, the one Italian prime minister Giorgia Meloni had for Beijing earlier this month was exceptionally delicate. Italy’s government is looking at quitting the Belt and Road Initiative (BRI) — Chinese president Xi Jinping’s signature foreign policy program — but Meloni insisted her government still wanted to do business with China.
“There is no foreclosure on our part towards China… but on the Belt and Road Initiative, decisions must still be made bas
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy
