this post was submitted on 06 Dec 2023
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This is the best summary I could come up with:
Prime Minister Giorgia Meloni's administration notified Beijing that it would cease participating in the BRI ahead of a deadline at the year's end.
Launched by Chinese President Xi Jinping in 2013, the BRI aims to invest an estimated $1tn (ยฃ794bn; 925bn euros) across Asia and Europe.
Washington says China's plans involve unsustainably large projects countries are unable to finance, giving Beijing leverage for its own aims.
Since coming to office last year, Ms Meloni has sought to lead a more pro-Western and pro-Nato foreign policy than her predecessors.
Ms Meloni's move comes ahead of a summit between EU Commission President Ursula von der Leyen and Mr Xi on Thursday.
During the meeting, Mrs von der Leyen is expected to warn the Chinese president to curb the supply of cheap goods including solar panels and electric cars to the EU.
The original article contains 397 words, the summary contains 139 words. Saved 65%. I'm a bot and I'm open source!