Italy was the first big European economy to join China’s enormous infrastructure project, the Belt and Road Initiative (BRI). Why did Rome sign up, and what are the risks?
Europe has started re-evaluating its policies with respect to the China challenge.
The U.S.-China “trade war” may give way to a “tech war” as regulators and firms battle over emerging technologies, standards, and whether America or China will dominate future industries. Outside Washington, the relationship between Chinese and American business is complex and changing fast.
With new countries recently joining the Belt and Road Initiative, expectations are high with the hopes of revolutionizing commerce and trade worldwide.
Without access to the same coercive tools controlled by the White House, Congress is forced to look for other ways to exert control over foreign policy toward Russia.
China’s global strategy has been met with strong pushback. Despite the recent Trump-Xi meeting, the U.S.-China relationship is unlikely to show sign of improvement for quite some time. Where does this leave Europe?
Many in Congress have come to the conclusion that tougher sanctions on Russia are in order. Their activism can serve as a useful check on the Trump administration but, ideally, should not undermine unity with key U.S. allies.
Still suffering from the economic crises, feeling betrayed by Europe for the lack of solidarity on the immigration and economic crises, Rome has slowly turned to the emerging actor on the globe, brushing up on its historical ties.
Questions remain about how committed the Chinese Communist Party (CCP) is to continue “reform and opening” even as Xi seeks to advance CCP control in every sector.
The bottom line is that bridging to G7 nations such as Italy and France and getting global recognition for the BRI are now top Chinese priorities. China wants to be seen as the new champion of multilateralism.