Economics
China’s Xi Recruits Italy’s Populists for Global Spending Spree
- Accord is signed in Rome for Italian role in Belt and Road
- U.S., European allies have cautioned on China’s reach
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Chinese President Xi Jinping recruited Italy’s populist government into his global Belt and Road development project, with the signing of an accord that has sparked worries in the U.S. and European Union over the Asian power’s push for economic domination.
Italy is the first Group of Seven nation to volunteer for a role in the massive international program, with a memorandum of understanding that the two sides formally approved at the Renaissance-era Villa Madama in Rome on Saturday.