Italy enters China’s bond market and draws closer to Beijing

Chinese president, Xi Jinping, visited Rome on Friday 22nd March to sign various agreements with Italy’s government as part of the New Silk Road project (also known as the Belt and Road Initiative, or BRI). The deal with Italy finally gives this huge continental investment programme the legitimacy it was lacking. Mr Salvini’s government has taken a historic decision by making Italy the first G7 country to consider borrowing from China’s bond market. […]