Italy, China sign accord deepening economic ties

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ROME (AP) — Italy signed a memorandum of understanding with China on Saturday supporting Beijing’s “Belt and Road” initiative, which aims to weave a network of ports, bridges and power plants linking China with Africa, Europe and beyond.

With the move, Italy becomes the first member of the Group of Seven major economies, which includes the United States, to join the Belt and Road program, following Portugal’s embrace of the initiative in December.

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