Chinese president signs trade deal with Italy despite USA pushback

24 Mars, 2019, 09:26 | Auteur: Anatole Charbonneau
  • CPEC route

In 2013, Xi unveiled China's planned Belt and Road project; its aim is to accelerate economic advancement and strengthen relations between Eurasian countries.

The signing of the agreement comes during Chinese President Xi Jinping's three-day visit to Italy in an attempt to improve relations with Rome as China is now engaged in a trade war with Washington. Italy's move appears to be driven partly by hopes that Chinese investment in Italy's ports might help revive the country's traditional role as a key link in trade between the East and West.

Italy signed deals worth 2.5 billion euros ($2.8 billion) during Chinese President Xi Jinping's visit to Rome, Deputy Prime Minister Luigi Di Maio said on Saturday, adding that the value of the contracts could rise to 20 billion.

Italy is the first Group of Seven nation to volunteer for a role in the massive global program, with a memorandum of understanding that the two sides formally approved at the Renaissance-era Villa Madama in Rome on Saturday.

They also include an agreement between the ports of Trieste and Genova and the China Communications Construction Co.

Hsieh shocks Osaka to reach Miami Open fourth round
Canada's Andreescu, who had to save match point in her opening-round match against Irina-Camelia Begu, beat Kenin 6-3 6-3. She hasn't won a tournament since the 2017 Australian Open, before she took a break of more than a year to become a mom.

Blackhawks to participate in 2019 NHL Global Series
The Blackhawks will also conclude their 2019 preseason schedule with a game on September 29 in Berlin, German against Eisbaren Berlin.

EasyJet readies Brexit contingency plan to meet ownership rules
Passengers board the easyJet Airbus A319-111 OE-LQN aircraft from Berlin to Geneva at Schoenefeld airport near Berlin, Germany March 24, 2018.

The Belt and Road Initiative (BRI) is aimed at bolstering Beijing's economic and political reach. European Union leaders in Brussels are preparing a strategy to counter the growing influence of China, which they describe as a "systemic rival".

Some Italian government officials were critical of the deals, anxious that Italy might be ceding national sovereignty in key strategic areas to Beijing.

"This is a very important day for us, a day when Made-in-Italy has won, Italy has won and Italian companies have won", said Di Maio, who signed the memorandum of understanding on behalf of the Italian government in a Renaissance villa.

"That is a good colonialization", he said.

Some governments including the U.S., Japan and India worry that Beijing is trying to build a China-centered sphere of influence that undermines their own sway, pulling developing nations into infrastructure "debt traps" that would give China ever-more control over their territories and economies. Some say the proposed improvements are too expensive for the impoverished countries. Xi said in a speech late past year that even as China moves closer to the center of the world stage, it will never seek hegemony.

Conseillé:



Populaire

Après une (très) longue attente, le duo dévoile son nouveau clip — PNL
En quelques minutes, la sortie de ce nouveau clip a enflammé les réseaux sociaux, neuf mois après la sortie de A l'Ammoniaque . Samedi matin, le compteur du clip affichait déjà plus de 4,5 millions de vues.

USA airlines visit Boeing as FAA awaits 737 MAX upgrades
This month, a second deadly crash involving an Ethiopian Airlines MAX in Addis Ababa triggered the fleet's worldwide grounding. He added that it was still waiting for Boeing to come up with a software upgrade for the 737 Max.

Kentucky vs. Wofford - 3/23/19 College Basketball Pick, Odds, and Prediction
They've seen him make too many 3s - like he did with his clutch performance in the opening round - to start going away from him. And Fletcher Magee , the most prolific 3-point shooter in the history of college basketball, kept shooting.

Sunday Times reporter: PM May facing plot from minister to oust her
Talk of a cabinet coup within hours has reached fever pitch amid reports that ministers are plotting a coup to get rid of her. She will be gone in 10 days", the Sunday Times quoted an unidentified minister as saying.

Why Facebook struck the Christchurch-Video, too late
Facebook also pointed to the additional challenge of potentially flagging innocuous content that resembles offending video. YouTube did not disclose the exact number of videos it removed, but said it was in the tens of thousands.

Chick-Fil-A banned from airport over 'anti-LGBTQ behavior'
Chick-fil-A expressed its disappointment at the council's decision and sought to clarify misconceptions about the company. We agree with Councilmember Treviño that everyone is and should feel welcome at Chick-fil-A.

Isis defeated, US-backed Syrian Democratic Forces announce
Ashkarani has already told his fiancee he and his comrades have finally won after a grinding months-long battle. June 6 - SDF fighters begin an attack on Raqqa from three sides, backed by US-led coalition airstrikes.

Disneyland Paris : un problème mécanique provoque un mouvement de foule
"Le personnel nous a dit qu'il y avait eu un mouvement de foule à l'extérieur", explique l'un d'eux sur Twitter . Les touristes sur place indiquent sur Twitter avoir été confinés dans les restaurants et magasins de Disneyland.

UMBC Posts Hilarious Tweet With No. 16 Gardner-Webb Up on No
But Virginia's ability to not wilt under all that pressure is a credit to Bennett's work on his team's psyche over the past year. Virginia: The Cavaliers face No. 9 seed Oklahoma in Sunday's second round, which has been a land mine for Virginia too.

French yellow vests protest in Paris amid tighter security
The movement was named after the fluorescent garments that French motorists must carry in their vehicles for emergencies. About 6,000 police officers are deployed in the capital and two drones are helping to monitor the demonstrations.