Italy officially notified China not long ago that China and the Belt and Road Agreement will no longer renew the contract after the expiration of March this year.If you do not make money, you must bear geopolitical risks. It should be the main reason.
Senior Italian officials have publicly complained that after signing the Belt and Road Agreement, they only sell them to several oranges in China, but Chinese products have driven straight into Italy, which can almost be said that only China benefits.China originally promised to invest 20 billion euros in Italy (about S $ 29.1 billion), and has not been implemented so far.And France and Germany have not signed the Belt and Road Agreement, but increased the bilateral trade with China. It can be seen that its economic benefits brought by Italy are not great.
Italy's ignoring geopolitical risks to join the Belt and Road Initiative was the envy of China's strong economic strength. It is expected that it will take up the Italian economy by the moment.Now that it is not profitable today, it will unilaterally open the market to China. It is a reasonable practice without renewal.
Italy is the only member of the Seventh Kingdom Group who participated in the Belt and Road Initiative, which is of great significance. However, the international situation is already very different.At the beginning of China's promotion of the Belt and Road Initiative, although many western academic circles have questioned, it is an indisputable fact that many developing countries have insufficient infrastructure; since China is willing to assist, all countries are not happy, so many countries in Asia and Africa have responded.However, the Belt and Road Initiative has been promoted for many years, and many disadvantages have emerged, such as large facilities, incompetent, poor engineering quality, not obtaining expected benefits, etc., but huge expenditures have led to worsening in many countries and promoting corruption.Sri Lanka leased the port to China for debt in 1999, and was regarded as a new round of unequal treaty, which aroused the shadow of colonial colonial.
The Sino -US trade war and scientific and technological wars have been in the short term.Some European countries were still watching, but after the outbreak of the Russian and Ukraine War, China has been secretly helped Russia and angered European countries.At present, China and Europe and the United States are not easy to turn around. There is no room for good intercourse on both sides.
The Italian Prime Minister Meloni is the very rightist. Although he holds the European position, he still chose to stand in a democratic national camp headed by the United States.However, in order to avoid anger China, Italy has a prudent handling of no contract, hoping to break up elegantly.
Since 2021, the United States and Europe have each international infrastructure investment plan, which is obviously competing with China.The United States reorganized into the "Global Infrastructure and Investment Partnership" in 2022; the EU's "Global Portal" initiative is expected to invest 300 billion euros in six years, including infrastructure such as construction of transportation, electricity and communications in Africa and Latin AmericaIt can be said that it provides another choice for developing countries outside the Belt and Road.If China and Europe and the United States are in confrontation, the infrastructure of developing countries is gradually complete, which will benefit the people of these countries.
Europe and the United States are mainly geopolitics.In order to ensure their own safety, contact with allies, etc., the democratic camp must have a consistent pace. After all, most countries are unable to compete in China.After the outbreak of the Russian and Ukraine War, democratic countries noticed that if the expansion of totalitarian countries could not be effectively stopped, the defeat of the democratic state may be faster than expected.
Exit the Belt and Road Initiative, showing that Italy has moved closer to Europe and the United States, the national route is no longer swaying, and the situation of cooperation between Europe and the United States is becoming more and more obvious.
The author is Malaysian Writer
