Italy's exit from China's Belt & Road Initiative. Why India should be happy
Italy's decision to exit the Belt and Road Initiative seems to be influenced by the changing geo-political considerations and the project's limited impact on its economy
Four years after becoming the only G7 nation to join China's ambitious Belt and Road initiative (BRI), Italy has decided to leave the project. Prime Minister Giorgia Meloni-led government has communicated its decision to Beijing, in what is seen as another indication by far-right leaders to maintain distance from China. The development comes as the recent EU-China summit didn't go very well for the relationship dynamics with European leaders expressing their concerns about the policies of President Xi Jinping.