Italy on Saturday signed a 'non-binding' protocol with China to take part in Beijing's new 'Silk Road' of transport and trade links stretching ...
ROME: Italy on Saturday signed a"non-binding" protocol with China to take part in Beijing's new"Silk Road" of transport and trade links stretching from Asia to Europe.
Italian financial daily Il Sole 24 Ore said the value of the Chinese investments could rise to 20 billion euros but would for now be limited to the strategic ports of Genoa and Trieste. Cultural tie-ups including town twinnings are also on the agenda while Beijing is pushing to have several Serie A football matches played in China - although that would currently contravene regulations of the game's governing body FIFA."We are well aware, with this memorandum of understanding, that there is risk as well as opportunity," said secretary of state for the economy Michele Geraci, who spent a decade working in China.
But Friday, Xi rejected any idea of a conflict of interest after talks with his Italian counterpart Sergio Mattarella.
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