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Italy intends to exit investment pact with China as relations sour

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Italy is the latest European state caught in escalating tensions between Washington and Beijing, which have compounded by Beijing’s support for Russia

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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