Italy intends to exit investment pact with China as relations sour

Italy has signalled to the US that it intends to pull out of a controversial investment pact with China before the end of the year.

Italian Prime Minister Giorgia Meloni reassured US House Speaker Kevin McCarthy during a meeting in Rome last week that while a final decision hasn’t been taken, her government is favouring an exit from its role in China’s massive Belt and Road Initiative, according to people present at the talks.

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