Italy’s government is scrapping the previous administration’s efforts to limit Chinese investment in strategic sectors in favor of fostering relations with Beijing by volunteering for a role in China’s vast global infrastructure program.
The two countries are drawing up a memorandum of understanding to extend the massive Belt and Road spending program to Italy in sectors including railways, airlines, space and culture, Michele Geraci, undersecretary at the Ministry for Economic Development, said in an interview at his Rome office.
