Italy confirms exit from China’s Belt and Road

Beijing’s investment initiative has failed to benefit Rome, according to Foreign Minister Antonio Tajani

The Italian government has formally announced its decision to exit China’s massive Belt and Road Initiative (BRI) as it “has not produced the desired effects” Bloomberg reported on Wednesday, citing the country’s deputy prime minister and foreign minister, Antonio Tajani.

Speaking at an event hosted by the Italian news agency Adnkronos on Wednesday...