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Belt and Road

China pries open EU wall as Italy joins Belt and Road

With $8bn in deals, Beijing gains access to Trieste and Genoa ports

ROME/BEIJING -- China on March 23 inked a memorandum of understanding to bring Italy on board with its vaunted Belt and Road infrastructure initiative, a major diplomatic win that gives it a firmer foothold within a wary European Union.

The pact signed in Rome by Chinese President Xi Jinping and Italian Prime Minister Giuseppe Conte includes nearly 30 agreements worth at least 7 billion euros ($7.93 billion), according to Italian newspaper Il Sole 24 Ore.

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