Recently 'Italy' country has been left out of China's 'Belt and Road Initiative' project.

Recently 'Italy' country has been left out of China's 'Belt and Road Initiative' project.

Daily Current Affairs   /   Recently 'Italy' country has been left out of China's 'Belt and Road Initiative' project.

Change Language English Hindi

Category : Business and economics Published on: December 12 2023

Share on facebook
  • Italy has announced its exit from the 'Belt and Road Initiative' project in December 2023.
  • The administration of Italian Prime Minister Giorgia Meloni informed Beijing that it would withdraw from the project before the end of the year.
  • BRI, launched by Chinese President Xi Jinping in 2013. (BRI) project was aimed at an estimated $1 trillion across Asia and Europe.
  • Under this project, China has to be connected to Europe and other parts of Asia by building new and advanced railway lines and ports but BRI. America has been its staunch opponent since the beginning.
  • Chinese President Xi Jinping launched the Belt and Road Initiative (BRI) project in 2013.
  • It is one of the largest infrastructure projects in the world.
  • China presents this project as a historical Silk Route.
  • In the medieval period, many countries including China used the Silk Route for trade with the countries of Asia and Europe.
Recent Post's
  • LoIs issued to 4 foreign universities; ₹4,000 crore education projects announced at ABSS.

    Read More....
  • Kaziranga becomes India's third-highest tiger density reserve after Bandipur and Corbett.

    Read More....
  • St. Aloysius student sets world record with 170-hour Bharatanatyam performance.

    Read More....
  • Divyanshi wins U-19 WTT title; Priyanuj clinches gold in U-17 boys’ final.

    Read More....
  • Goa Shipyard launches 6th indigenous Fast Patrol Vessel, ICGS ATAL.

    Read More....
  • July 30 marked as World Day Against Trafficking with focus on criminal exploitation.

    Read More....
  • RBI caps investment in AIF schemes to 10% per bank/NBFC.

    Read More....
  • PM Modi releases ₹1,000 coin marking 1,000 years of Rajendra Chola’s naval campaign.

    Read More....
  • Death toll in Gaza crosses 60,000; over half are women and children.

    Read More....
  • Ex-Twitter CEO Jack Dorsey launches offline messaging app Bitchat.

    Read More....