The landmark accord that Italy signed to join China’s global Belt and Road infrastructure project embraces strategic sectors from telecommunications to energy and ports, despite the unease of U.S. and European allies at the Asian power’s reach.
The memorandum of understanding sealed at a Rome ceremony with Chinese President Xi Jinping on Saturday urges stronger cooperation to improve connectivity between Asia and Europe in a range of sectors including finance, according to the seven-page text of the accord published on the website of the economic development ministry.
