A defiant Italy becomes the first G-7 country to sign on to China's Belt and Road Initiative
Source: Washington Post
By Chico Harlan March 23 at 11:25 AM
ROME Even by the decorous standard of state visits, Chinese President Xi Jinping has received a warm welcome in Italy. That welcome started the moment Xi entered Italian airspace and, according to Chinese state media, two of the host nations fighter jets escorted his plane.
Senior Italian government officials greeted Xi on the tarmac, and tenor Andrea Bocelli sang for Xi and his wife at a state dinner. When Xi arrived at his five-star Roman hotel, a Chinese national flag was flying outside.
But the most geopolitically important and controversial symbol of embrace came Saturday, when Italy formally agreed to be part of Chinas signature foreign policy and infrastructure project, known as the Belt and Road Initiative, becoming the first Group of Seven country to do so.
At a ceremony at a Renaissance villa that also included the signing of other business and commercial agreements, Italian Prime Minister Giuseppe Conte said his country was building a more effective relationship with China.
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Read more: https://www.washingtonpost.com/world/europe/defiant-italy-becomes-the-first-g7-country-to-sign-on-to-chinas-belt-and-road-initiative/2019/03/22/54a732d4-4bdf-11e9-8cfc-2c5d0999c21e_story.html
BlueFlorida
(1,532 posts)It is designed to enrich China at the expense of other countries who are scammed into believing that it will somehow help them with promises of development loans and future trade.
In reality, those countries are basically pawning their natural resources to China and will end up losing those assets because they will never be able to rescue them from the China pawnshop.
Look at what happened in Ecuador recently.
Nitram
(22,768 posts)keithbvadu2
(36,667 posts)"Too many jobs in China lost," Trump tweeted... Such concern!
https://www.democraticunderground.com/10142058871
http://thehill.com/homenews/senate/387515-schumer-hits-trump-for-offering-aid-to-chinese-company-how-about-helping
Senate Republicans drop bid to block Trump from helping Chinese telecom giant ZTE
https://www.democraticunderground.com/10142115196
Bernardo de La Paz
(48,964 posts)roamer65
(36,744 posts)That is the face of SCO, the Sino-Russian alliance.
kimbutgar
(21,056 posts)There is a town outside Florence which has a large population of Chinese who make clothes for high end and low end designers that they slap a made in Italy tag on.The materials come from China but the clothes are made in this town. You can go all over Italy and find these cheap but fashionable clothes that are made in Italy. I have availed myself in to purchasing many clothing items when I have been to Italy. (The clothes are really made well with good stitching)
https://mundusjournalism2015.weebly.com/stories/made-in-italy-while-made-by-chinese
eezapata
(35 posts)tRump is fight with J. Mcain.
Lonestarblue
(9,958 posts)Instead, Trump demands higher payments for NATO and starts tariff wars that hurt everyone. The US is offering no deals to counter China because we have an ignoramous in the White House. Most countries no longer trust the US because they accurately assess Trump as a corrupt liar and a person who does not feel bound by any deal made since he changes what he has agreed to each day. The only development Trump is interested in is that for Trump Org. If Italy wants to give him $500 million for a golf development, Im sure he would pay attention. US policy is for sale to the highest bidder.
Power 2 the People
(2,437 posts)yaesu
(8,020 posts)there is no stopping the US train wreck that started with reaganomics.
roamer65
(36,744 posts)War and climate chaos is our future.
Enjoy the final days of a livable Earth, they are numbered.
Dawson Leery
(19,348 posts)In the mean time, the Orange Menace is isolating America from the world, allowing for the illiberal forces to take over.