Italy endorses China’s Belt and Road plan 2 SHARES Share it! Share TweetBy ReutersROME – Italy endorsed China’s ambitious “Belt and Road” infrastructure plan on Saturday, becoming the first major Western power to back the initiative to help revive the struggling Italian economy. Di Maio said these contracts had a potential, future value of 20 billion euros. Di Maio, who leads the 5-Star Movement, says Italy is merely playing catch up, pointing to the fact that it exports significantly less to China than either Germany or France. READ MORE: Italy, China sign new ‘Silk Road’ protocol

Source: Manila Bulletin March 24, 2019 12:22 UTC