Analysis: China lays down a marker in Europe
By Ishaan Tharoor Ishaan Tharoor Reporter covering foreign affairs, geopolitics and history Email Bio Follow March 25 at 12:59 AM Want smart analysis of the most important news in your inbox every weekday, along with other global reads, interesting ideas and opinions to know? Sign up for the Today’s WorldView newsletter.
Il Presidente @GiuseppeConteIT questa mattina ha incontrato il Presidente della Repubblica Popolare Cinese, Xi Jinping. Qui le foto, i video e la documentazione relativa agli accordi istituzionali e commerciali tra Italia e Cina firmati a Villa Madama: https://t.co/Nvaf3KZ1oj pic.twitter.com/NIPh0TcCxY
Now, some officials are sensing a special opportunity for Italy. “We export a lot less than we import, compared with our European friends,” said Licia Mattioli, vice president for international affairs at Confindustria, the main Italian industry association, to The Post. “So we think there is a huge potential that we can exploit.”
Italian officials argue that they are better positioned to handle Chinese investment without surrendering sovereignty than more vulnerable countries to the east. Italian laws will prevent Chinese companies from wholly taking over their ports. A commentary in China’s state-run Xinhua news service shrugged off Western concerns and cast the new agreement with Italy as proof of the BRI’s ability to benefit local populations and serve as a “win-win” for all parties.
Italy is a major global economy and a great investment destination. Endorsing BRI lends legitimacy to China’s predatory approach to investment and will bring no benefits to the Italian people.
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