Tuesday, Aug 16 2022 | Time 10:17 Hrs(IST)
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World


Czech Republic considers exiting from China’s 16+1 investment club

Prague, June 8 (UNI) The Czech Republic is thinking about exiting from China’s 16+1 investment platform for Central and Eastern Europe (CEE), Al Jazeera reported on Wednesday.
The Czech move is expected to boost to the government’s pledge to reassert Prague’s Western orientation, but at the same time also risks political and economic blowback from Beijing.
A resolution calling for the country to quit the 16+1 mechanism has been passed to the Czech foreign ministry and government after parliament’s foreign affairs committee unanimously approved it in mid-May.
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