Italy Intends to Exit China Belt and Road Pact as Ties Sour
- Italy is the only G-7 country in the Belt and Road Initiative
- Meloni will have to make a decision by the end of the year
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Italy has signaled to the US that it intends to pull out of a controversial investment pact with China before the end of the year.
Italian Prime Minister Giorgia Meloni reassured US House Speaker Kevin McCarthy during a meeting in Rome last week that while a final decision hasn’t been taken, her government is favoring an exit from its role in China’s massive Belt and Road Initiative, according to people present at the talks.