mo4ch:>Italy joining China’s new Silk Road raises eyebrows in Washington | Mo4ch News

Italy is planning to formally back China’s multi-trillion-dollar Belt and Road Initiative (BRI). It would become the first G7 nation to join the ambitious project which promises to significantly boost global trade.Rome is preparing to sign a memorandum of understanding to officially support the project, championed by Chinese President Xi Jinping, by the end of March, according to Michele Geraci, undersecretary in Italy’s Ministry of Economic Development as quoted by FT.“The negotiation is not over yet, but it is possible that it will be concluded in time for Xi’s visit,” Geraci told the media.Also on rt.comItalian money to back Russia's liquefied natural gas project in Arctic“We want to make sure that ‘Made in Italy’ products can have more success in terms of export volume to China, which is the fastest-growing market in the world.”The Chinese leader is expected to pay an official visit to Italy on March 22. After that Xi Jinping will reportedly head to France and ultimately the U…