China said that it welcomes the India-Middle East-Europe Economic Corridor announced on the sidelines of the G20 summit so long it doesn't become a "geopolitical tool", even as it downplayed Italy’s plan to pull out of its Belt and Road Initiative (BRI). The ambitious multi-billion-dollar Belt and Road Initiative launched by Chinese President Xi Jinping in 2013 envisions connecting China with Southeast Asia, Central Asia, the Gulf region, Africa and Europe with a network of land and sea routes rebuilding the old Silk Road trade route.
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