Posted on 03/26/2019 2:53:44 PM PDT by CondoleezzaProtege
Italy has become the first developed economy to sign up to China's global investment programme which has raised concerns among Italy's Western allies.
A total of 29 deals amounting to €2.5bn ($2.8bn) were signed during Chinese President Xi Jinping's visit to Rome.
The project is seen as a new Silk Road which, just like the ancient trade route, aims to link China to Europe.
Italy's European Union allies and the United States have expressed concern at China's growing influence.
What is the Chinese project about? The new Silk Road has another name - the Belt and Road Initiative (BRI) - and it involves a wave of Chinese funding for major infrastructure projects around the world, in a bid to speed Chinese goods to markets further afield. Critics see it as also representing a bold bid for geo-political and strategic influence.
(Excerpt) Read more at bbc.com ...
Fools. Enjoy your serfdom Italy.
The return of Marco Polo.
These are often sucker deals. The loan terms are stringent and often China ends up owning the infrastructure of the sucker country.
“...in a bid to speed Chinese goods to markets further afield.” And the better to move our troops and people around, too...
In addition to having direct rail and road access to Europe, this project will make it much easier for China to control the mineral wealth of Central Asia.
I’ll make a few calls.
No wonder my grandparents on both sides and my father left.
This bothers me.
We have been VERY GOOD to them.
Can’t trust any of us :)
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