Officials from the Italian authorities informed NHK on the sixth that they’d formally knowledgeable the Chinese aspect of the nation’s withdrawal from China’s mega-economic zone initiative “One Belt, One Road.”
On the sixth, native media additionally reported that the Italian authorities had knowledgeable the Chinese aspect of its intention to withdraw, and that the explanation for the choice was that “there was no financial profit and there have been many unfavorable political penalties.”
Regarding One Belt, One Road, in March 2019, then Italian Prime Minister Conte signed a memorandum of understanding with Chinese President Xi Jinping, making Italy the one nation among the many G7 nations to take part in One Belt, One Road. .