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Italy moves toward China as U.S. trade wars continue

Credit: Reuters Studio
Published on March 22, 2019 - Duration: 01:19s

Italy moves toward China as U.S. trade wars continue

Chinese President Xi Jinping met with his Italian counterpart Sergio Mattarella as the two discussed a closer relationship.

Rough cut (no reporter narration)

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Italy moves toward China as U.S. trade wars continue

ROUGH CUT.

NO REPORTER NARRATION.

Italy and China want to deepen their trade and investment ties, boosting infrastructure and maritime links, Chinese President Xi Jinping said on Friday (March 22) following talks with Italian President Sergio Mattarella.

Xi is set to sign a deal on Saturday (March 23) that will see Italy become the first Group of Seven major industrialised nation to join China's giant "Belt and Road" infrastructure project inspired by the ancient Silk Road trade routes.

"We want to strengthen the synergies between our respective development strategies to enhance cooperation in the infrastructure, port, logistics and maritime transport sectors in order to build a series of concrete projects along the Silk Road," Xi said, speaking through a translator.

Italy's decision to get closer to Beijing has caused concerns among its Western allies -- notably in Washington, where the White House National Security Council urged Rome not to give "legitimacy to China's infrastructure vanity project."

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