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    Thread: China's "New Silk Road" project resonates positively in Italy

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      Default China's "New Silk Road" project resonates positively in Italy

      BEIJING (Reuters) - Chinese President Xi Jinping will arrive in Rome on Thursday, where he will sign a major deal to build infrastructure in Italy, raising the concern and suspicion of Western allies of Italy.

      President Shi's project revolves around the "New Silk Road", which, like the original centuries-old goal, is aimed at connecting China to the European continent.

      The positive aspect of this project for Italy is to increase Chinese investment and access to Chinese markets and raw materials.

      But amid the growing influence of China and the (Western) suspicions about its intentions, Italy's European and American allies have expressed concern about this development.

      Land and sea
      The new Silk Road project has an official name - the Belt and Road Initiative - which includes a package of Chinese financing for infrastructure projects around the world aimed at accelerating the access of Chinese products to world markets


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      China has been working on this Belt and Road Initiative for quite some time now. They have spread their influence quite rapidly. I was reading the news last night that almost 150 countries are willing to take part in this initiative where China will help them create their infrastructures and will gain easy access to those countries markets. Even in the last summit which was scheduled a couple of days ago, presidents and prime ministers from various countries attended the conference. Notable ones included the Russian President Putin, Italian Prime Minister as well as the Pakistani Prime Minister. Even members from Germany took part in the summit which shows how much influence China is gaining over Europe, specially in the backdrop of Brexit.


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