1. "Europe will sign on" -- Poland and others are balking at letting Huawei or others in, and others are not interested in slaving to China. So "Europe" won't sign on, neither will the EU as deals have to be approved unanimously by 27 nations and that's not going to happen"Italy's vatican leadership" - the leadership in the Vatican hasn't been Italian for decades. And Italy's ministers from M5S are pretty anti-clerical, so no, there isn't a huge role in trade issues. In social issues there is pressure, but that's also limited as apparent by the fact that Italy does not have an official religion
3. kissing China's feet - so a pastoral (not political) agreement that "he agreement states that China will recommend the Bishops before they are appointed by the Pope, it also stipulates that the Pope has authority to veto any Bishop which China recommends." is kissing the feet in your opinion? Really?
Well your first sentence was sufficient to not read the rest...I didn’t. But thank you for your interest.