Italy signed a preliminary accord with China on Saturday that makes it the first...
- Italy signed a preliminary accord with China on Saturday that makes it the first country of the Group of Seven industrialized nation to join the Chinese Belt and Road infrastructure project.
Around 30 parallel deals were signed on the sidelines of the visit to Rome by Chinese President Xi Jinping, including 10 with Italian companies and others with ministries and public bodies. CDP said it will issue bonds worth 5 billion renminbi . CDP and Bank of China will also co-finance Italian companies for 4 billion renminbi. A CDP official told Reuters on Friday that the first tranche of Panda bonds will be issued in the coming weeks.
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