General

Italy, China Sign Pact To Strengthen Economic Ties

Author : NewsGram Desk

Italy has signed a memorandum of understanding with China in support of Beijing's "Belt and Road" initiative, which aims to weave a network of ports, bridges and power plants linking China with Africa, Europe and beyond.

Premier Giuseppe Conte and Chinese President Xi Jinping shook hands during a ceremony in Rome on Saturday, after 29 separate sections of the memorandum were signed by members of both governments.

With the memorandum, Italy becomes the first member of the Group of Seven major economies that includes the United States, to join Belt and Road, following Portugal's embrace of the initiative in December.

Italy's involvement gives China a crucial inroad into Western Europe and a symbolic boost in its economic tug-of-war with Washington. (VOA)

Subscribe to our channels on YouTube and WhatsApp

Download our app on Play Store

Is AI Going to Kill Us All? As Anthropic Researcher Quits Over Safety Concerns, Here's What Industry Experts Have Warned Us About The Impending “AI Doomsday”

“Who is the Fourth Man Alongside Modi-Xi-Putin?”: Meet Sidharth Babu, Indian IFS Officer Who Took the Internet by Storm During the 18th BRICS Summit in India

Gurugram Hit-And-Run Case: Accused Kalyan Bainsla Arrested for Ramming Woman Biker; Charges of Attempted Murder Invoked

Two Google DeepMind AI Researchers Quit, Warn "AI Has the Potential to Kill Us All"

Who is Divya Mittal? IAS Officer, Who Left Her Finance Job in London and Built Water Pipeline in Mirzapur Village, Resigns After 13 Years of Service