Pressure is mounting against Italian Prime Minister Guiseppe Conte to refrain from signing aboard China’s Belt and Road infrastructure project next week when Chinese President Xi Jinping visits Italy. Beyond the political ramifications of Italy aligning itself with China, and perhaps finding itself on the business end of Chinese debt colonialism, analysts warn Conte has not fully considered the financial aspects of the arrangement.
Reuters published a summary of the Memorandum of Understanding (MOU) Conte plans to sign when Xi arrives in Rome, finding it “full of broad undertakings” but “short on specific details.”
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