Italy closes agreement for the new Silk Road European Union and China

The Belt and Road Initiative lies at the heart of China's foreign policy strategy and was incorporated into the ruling Communist Party constitution in 2017, reflecting Mr Xi's desire for his country to take a global leadership role. China Communications Construction Company (CCCC) has signed two cooperation agreements with the authorities of Trieste's port and with the commissioner supervising the reconstruction of the bridge of Genoa that collapsed a year ago. "We are well aware, with this memorandum of understanding, that there is risk as well as opportunity", said secretary of state for the economy Michele Geraci, who spent a decade working in China.