Saudi Arabia announces Sunday as first day of Eid Al Fitr    Crown Prince orders key real estate reforms in Riyadh to stabilize land and rental prices    King Salman, Crown Prince extend condolences to Thailand's king over earthquake victims    Tourism Ministry enforces closure orders, warns violators of penalties    Elon Musk's xAI acquires X in all-stock deal    Makkah and Madinah mobile data usage exceeds global average during Ramadan: CST    US, Japan mark 80th anniversary of Iwo Jima battle with memorial service    Trump signals openness to auto tariff deal    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Trump renews push to acquire Greenland    Myanmar earthquake death toll climbs to 144    Over 2.5 million attend Khatm Al-Qur'an prayers in Makkah    Saudi non-oil exports jump 10.7% in January    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    T1 CEO confirms Gumayusi's return for LCK Spring after lineup shakeup    100 Thieves claim Marvel Rivals Invitational NA crown as 2025 scene heats up    Bollywood actress vindicated over boyfriend's death after media hounding    Saudi Arabia hold Japan to goalless draw in Saitama to stay in World Cup hunt    Disney's Snow White film tops box office despite bad reviews    NewJeans announces hiatus after setback in court battle    George Foreman, heavyweight champion and cultural icon, dies at 76    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Italy joining China's BRI was atrocious move, defense minister says
Published in The Saudi Gazette on 30 - 07 - 2023

Italy made an "improvised and atrocious" decision in joining China's Belt and Road (BRI) initiative, Defense Minister Guido Crosetto has said.
Crosetto claimed the initiative had done little to boost Italy's exports, making China the only winner.
China has previously said both nations have seen "fruitful results" as a result of the BRI.
Italy became the first developed economy to join the BRI in 2019 — a move criticized by its Western allies.
The global investment program envisions connecting China with Europe and beyond through rebuilding the old Silk Road trade route.
Under it, China provides funding for major infrastructure projects around the world, in a bid to speed Chinese goods to markets further afield.
Critics see it as a tool for China to spread influence. Both the EU and the US expressed concern when Italy decided to join the scheme four years ago.
"The decision to join the (new) Silk Road was an improvised and atrocious act" that increased Chinese exports to Italy without having the same effect on Italian exports to China, Crosetto told Italian newspaper Corriere della Sera.
He said Italy now needs to work out how to get out of the deal without damaging relations with Beijing.
"The issue today is: how to walk back (from the BRI) without damaging relations (with Beijing). Because it is true that China is a competitor, but it is also a partner," Crosetto said.
As Beijing had become increasingly assertive on the world stage, Italy would have to think about how to withdraw "without producing disasters", he said.
There has been intense discussion about whether Italy should remain in the BRI since May, when Prime Minister Giorgia Meloni said she wanted talks with China about possibly withdrawing.
It is set to be automatically renewed in March 2024 unless Italy makes a formal request to withdraw from it by December this year.
China's Foreign Ministry previously said it believed "China and Italy should further explore their cooperation potential" under the BRI and "strengthen mutually beneficial cooperation to seek more fruitful cooperation results."
In comments quoted in the English language edition of the state-affiliated Global Times newspaper in May, Foreign Ministry spokesperson Wang Wenbin added that the two nations have seen "fruitful results" in many fields as a result of the BRI.
Beijing has since launched a diplomatic campaign to try to persuade Italy to renew the deal by sending senior officials to the country to lobby its case. — BBC


Clic here to read the story from its source.