Italy is preparing to become the first of the G7 group of industrialised nations to endorse China’s Belt and Road Initiative, as reported by the Financial Times on Wednesday, but what does this mean? James Kynge, the FT’s global China editor, looks at the main implications.
BRI — a club without formal members
The BRI is not a multilateral organisation and has no protocol for admitting members. Nor is it a trade pact that imposes clear rules on participants in return for trade benefits.
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