Italy grasped by US-China rivalry

Abstract

Cooperation of the EU members with China is now under increasing supervision of Washington and Brussels. The growing US-China confrontation direct impacts the relations between the EU and PRC, contributing to the adoption by Brussels of tighter control over investments in strategic sectors of economy. EU member states have to adapt their bilateral relations with China to these new developments. Formed in February 2021, the new Italian government of M. Draghi over the past eight months has nearly completed the reversal in relations with Beijing, questioning not only the memorandum of understanding signed in March 2019, but also tightening the mechanisms of control over investments coming from China.