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Italy Di Maio first EU country to participate in China Belt and Road initiative



Still, the prime minister rejected ideas that his government was aiming to increase Chinese purchases of Italian bonds and to focus on the benefits that the deals would bring to Italian companies.

"All the agreements we have to sign are based on the possibility of" Made in Italy "going to China, for our companies to export to China after many years when" Made in China "had come to Italy, "he said. "We are reversing the trend and rebalancing our trade flows – but there is no intention of making a covenant for financial support for goods, for the Treasury or for government bonds."

"We don't want to ask China for help with our government bonds," he added. "Instead, we seek to promote our own agenda and create more jobs in Italy by increasing our exports to China."

Di Maio intends to discuss the new relations with China with his US counterparts when he visits Washington next week, he said.

Earlier this month, the official Twitter account from the US Security Council published a tweet describing Italy as a major global economy and said "Endorsing BRI gives legitimacy to China's robust approach to investment and will not bring any benefits to the Italian people. "


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