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Italy joins China's New Silk Road project
Italy has become the first developed economy to sign up to China's global investment programme which has raised concerns among Italy's Western allies.
A total of 29 deals amounting to €2.5bn ($2.8bn) were signed during Chinese President Xi Jinping's visit to Rome. The project is seen as a new Silk Road which, just like the ancient trade route, aims to link China to Europe. Italy's European Union allies and the United States have expressed concern at China's growing influence.
The new Silk Road has another name - the Belt and Road Initiative (BRI) - and it involves a wave of Chinese funding for major infrastructure projects around the world, in a bid to speed Chinese goods to markets further afield. Critics see it as also representing a bold bid for geo-political and strategic influence.
Also at Bloomberg and The Washington Post.
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(Score: 2) by PartTimeZombie on Monday March 25 2019, @01:47AM (2 children)
Oh, I always wondered what goulash was.
Learn something every day.
(Score: 2) by driverless on Monday March 25 2019, @03:39AM
Goulash is Hungarian moulage.
(Score: 4, Funny) by Pslytely Psycho on Monday March 25 2019, @09:31AM
With that username, wouldn't you rather have a good Ghoulash recipe?
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