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Italy ‘Carefully’ Reevaluates Its Participation in China’s Belt and Road Initiative
Epoch Times ^ | 06/14/2021 | Dorothy Li

Posted on 06/14/2021 7:36:30 PM PDT by SeekAndFind

Italian Prime Minister Mario Draghi said at the G7 summit that Italy is reassessing China’s investments in the country “carefully,” shifting away from the pro-Beijing policies of the previous government.

Draghi expressed concern about the Chinese Communist regime. “It’s an autocracy that does not adhere to multilateral rules and does not share the same vision of the world that the democracies have,” he said at a press conference of the Group of Seven (G7) summit on Sunday.

While the newcomer of the G7 admitted the importance of economic cooperation, Draghi noted the difference between the Chinese regime and the West. “We also need to be frank about the things that we do not share and do not accept. The U.S. president said that silence is complicity.”

When asked about Italy’s participation in Beijing’s controversial Belt and Road Initiative (BRI), Draghi said, “Regarding that specific agreement, we will assess it carefully.”

The BRI is a multi-trillion-dollar infrastructure scheme that seeks to boost the regime’s influence through global trade links and infrastructure-based development projects that have pressured participating countries to take on high debt burdens.

Italy endorsed the G7’s new global infrastructure initiative, called Build Back Better World, or B3W, a rival to the Chinese Communist Party’s (CCP) growing influence through the BRI in the developing world. The over $40 trillion scheme will invest in ports, roads and other infrastructure in low- and middle-income countries worldwide.

Italy was the first G7 country to join Chinese leader Xi Jinping’s signature BRI, against the advice of the United States and other G7 members. Former Prime Minister Giuseppe Conte signed a BRI memorandum during Xi’s state visit in March 2019.

The Draghi government is taking precautionary measures in dealing with China.

(Excerpt) Read more at theepochtimes.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: 201903; 202103; baluchistan; beltandroad; beltnroad; bri; china; italy; obor; onebeltoneroad; pakistan; xi
In March 2021, the prime minister signed a decree to stop the Italian telecommunications firm Fastweb from contracting with Huawei and ZTE, companies with ties to the Chinese military.
1 posted on 06/14/2021 7:36:30 PM PDT by SeekAndFind
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To: SeekAndFind

In the Congo, China has been building roads everywhere for mineral rights. They’ll eventually own all the minerals in that country, if not already. This was going on in 2006 till now.


2 posted on 06/14/2021 7:39:32 PM PDT by chopperk
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To: SeekAndFind

China wants a road system set up for military vehicles.

I would encourage Europe to wake up.


3 posted on 06/14/2021 7:42:35 PM PDT by DoughtyOne (Folks, if you haven't yet, please start an automatic monthly for Jim and his crew.)
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To: SeekAndFind

>> Draghi expressed concern about the Chinese Communist regime.<<

ITaly shows more common sense than the rest of the EU.


4 posted on 06/14/2021 7:46:58 PM PDT by 353FMG
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To: SeekAndFind

Too late suckkas.


5 posted on 06/14/2021 8:07:27 PM PDT by Paladin2 (Critical Marx Theory is The SOLUTION....)
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To: DoughtyOne

yes.

those bloody smears under ChiCom tanks next time won’t be Chinese students if the ChiComs get their way.


6 posted on 06/14/2021 8:44:34 PM PDT by Rurudyne (Standup Philosopher)
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To: chopperk

This is why China has been building up power projection with aircraft carriers: to enforce these contracts when the local government changes hands. They bribe the leadership, who then uses the military to put down locals who complain when Chinese workers from Chinese companies show up to strip mine every precious resource they have, poison their water, and leave them sick from pollution and without a penny to show for any of it.

They’ll also put together contracts such that they make major improvements to roads and ports (which help China move goods and resources in and out), but you have to agree to provide China full and free access forever and to pay them back for the work with a payment plan that virtually assures you can’t keep up. When you fail to pay, China seizes the land the improvements are on. It’s now Chinese land and a Chinese port. Don’t like it? File your complaints with the PLA.


7 posted on 06/14/2021 8:45:15 PM PDT by 2aProtectsTheRest (The media is banging the fear drum enough. Don't help them do it.)
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To: SeekAndFind

Kick out all the Chinese and mooselimbs. Italy is in critical condition, currently.


8 posted on 06/14/2021 8:57:17 PM PDT by Captainpaintball
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To: SeekAndFind

bttt


9 posted on 06/14/2021 8:58:24 PM PDT by Pajamajan ( PRAY FOR OUR NATION. I will never be a peaceful slave in a new Socialist America.)
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To: Paladin2

Why do you call him that, when he’s trying to correct the mistake of the previous Prime Minister?


10 posted on 06/14/2021 9:42:49 PM PDT by nuconvert ( Warning: Accused of being a radical militarist. Approach with caution.)
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To: 353FMG
ITaly shows more common sense than the rest of the EU.

It's surprising Italy has anything at all to do with China. Italy was clobbered by Covid thanks to Chinese workers in the Italian garment industry bring back the virus from their Chinese New Year's vacation. The illusion of cheap labor shattered in a most spectacular way.

11 posted on 06/14/2021 9:50:04 PM PDT by Oshkalaboomboom
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To: SeekAndFind

And a drunk argues with a bottle he just opened.


12 posted on 06/14/2021 11:10:30 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes.)
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To: Oshkalaboomboom

The whole world was clobbered by Covid but Italy seems to be the only country that wnts to know its origin. Even Biden doesn’t seem to care.


13 posted on 06/15/2021 11:07:21 AM PDT by 353FMG
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To: Rurudyne

No they won’t.


14 posted on 06/16/2021 2:13:36 PM PDT by DoughtyOne (Folks, if you haven't yet, please start an automatic monthly for Jim and his crew.)
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