Italian Prime Minister To Pull Trigger On Exit From China’s $900 Billion Belt & Road Initiative

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Italian Prime Minister Giorgia Meloni’s government is readying plans to pull the trigger on a formal exit from China’s controversial Belt and Road Initiative (BRI), estimated at having funded $900 billion in infrastructure projects globally. An Italy pullout of the BRI would be a significant and hugely symbolic blow to Beijing, given Italy had been the first G-7 country to become part of the Chinese initiative, crucial to Xi-Jinping’s vision for Chinese global expansion. Italy had initially signed on under previous Italian Premier Giuseppe Conte. Meloni could have an official statement ready to announce by the time the G-7 summit in Hiroshima meets on May 19-21.