Italy is regretting the decision that ruined the country by joining China's Belt and Road Initiative project.

image : twitter

Rome, 31 July 2023, Monday

Italy is now suffering after being involved in China's Belt and Road Initiative project.

Italian Defense Minister Guido Croceto said that Italy's decision to join this project was a disastrous decision. In an interview, he said that it has benefited China but Italy has not benefited.

The previous Italian government had decided to join the Chinese project and at that time Italy was the only major Western country involved in the project. However, the current government is regretting its decision to join the project and now wants to divest from it.

The Belt and Road Initiative project is an ambitious plan of Chinese President Xi Jinping. Through which he wants to connect China with the countries of Asia, Europe and Africa for trade. China is spending huge for this project. Through it, China also wants to increase its strategic and economic influence.

Italy's defense minister said that the decision to join the Belt and Road Initiative project was taken very hastily. Because of this, China's exports to Italy have increased, but there has been no significant difference in exports from Italy to China. China is Italy's partner and the relations with it will continue but the issue before us is how to withdraw from this project without damaging the relations with China.

Italian PM Giorgia Meloni said after the meeting with American President Biden at the White House last Thursday, that our government will take a decision on this project by December and very soon I will also visit China.

China has invested 770 billion dollars in 100 countries under the Belt and Road Initiative project. 2600 constructions are going on under this project. China is accused of ensnaring poor and developing countries in its debt trap through the Belt and Road Initiative project.

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