Italy, China Will Sign Up to $23 Billion of Deals, Official Says

Xi Jinping.Photographer: TIZIANA FABI/AFP
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Chinese and Italian companies will sign 10 accords potentially worth as much as 20 billion euros ($23 billion) at a ceremony with Chinese President Xi Jinping on Saturday, according to an Italian official who declined to be named before the event.

Xi and Italian Prime Minister Giuseppe Conte will separately sign a memorandum of understanding giving Italy a role in the Chinese leader’s Belt and Road global infrastructure project, at the Renaissance-era Villa Madama in Rome.