Despite Rome's scepticism, China's Foreign Minister Wang Yi said cooperation with Italy under the Beijing-led Belt and Road initiative had been fruitful, with high-quality Italian products having entered 'thousands of households' in China.
BEIJING, Sept 5 - Despite Rome's scepticism, China's Foreign Minister Wang Yi said cooperation with Italy under the Beijing-led Belt and Road initiative had been fruitful, with high-quality Italian products having entered "thousands of households" in China.
"In the past five years, the trade volume between China and Italy has grown from $50 billion to nearly $80 billion, and Italy's exports to China have increased by about 30%," Wang said in a readout of the meeting from China's foreign ministry released on Tuesday. But Italy, the only Group of Seven power to have signed up since the trade and infrastructure initiative was launched by Chinese President Xi Jinping a decade ago, has expressed doubts over its membership in recent months."The Silk Road did not bring the results we expected," Tajani said. "We will have to evaluate, the parliament will have to decide whether or not to renew our participation.
Any loss of the erstwhile terminus of the old Silk Road would be diplomatically embarrassing for China, which has expected to mark the achievements of the Belt and Road initiative at an international forum in Beijing in October.
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