Italy officially quits BRI.
Not a surprise. But prepare the pay the price Meloni.
The anti-China media had been telling everyone that Italy is quitting BRI. There is no need for China to comment any further. China will express disappointment at most, and move on.
You can maintain excellent relations with China without BRI. Italy can still maintain good relations with China as just another European country. Just don't ask for investments from China anymore, since you're out of BRI. Don't say this just so that you can make money from China, and undermine China at the same time. The Chinese can smell it if you do.
No Reuters, you liars. BRI was meant for investment and development first. The trade bonanza was supposed to be the endgame. If you just want more trade with China, there are trade expos and gatherings for you to attend.
Its simple, France and Germany are more competitive in exports than Italy. Italy needed investments to improve its competitiveness, but that has been called off. Too bad, find other investors then. Maybe BlackRock or Adani.
Protectionism weakens competitiveness. Trump and Biden used it, Modi fully embraced it. Yet their trade deficit with China had widened even more. Its a tool used by fools.
Ok so its done. Where is that reward the US is gonna give to Meloni and Italy? I think it's gonna be just a nice gift for Meloni, and nothing for Italy.