This is the best summary I could come up with:

ROME, Dec 6 (Reuters) - Italy has officially informed China that it is quitting the Belt and Road Initiative (BRI), dismissing fears the move might sour relations and damage the Italian economy, government sources said on Wednesday.

Italy in 2019 became the first and so far only major Western nation to join the trade and investment programme, ignoring warnings from the United States that it might let China take control of sensitive technologies and vital infrastructure.

However, when Prime Minister Giorgia Meloni took office last year, she said she wanted to withdraw from the deal, which was championed by President Xi Jinping, saying it had brought no significant gains to Italy.

Despite being part of the BRI, successive governments in Rome signalled their doubts about the pact by vetoing some proposed takeovers or limiting the sway of Chinese companies over their Italian counterparts.

In June, Meloni’s cabinet curbed the influence of Chinese shareholder Sinochem (600500.SS) on Italian tyremaker Pirelli, using “golden power” rules designed to protect strategic assets.

Meloni, who heads a conservative coalition, has been keen to burnish her credentials as a committed pro-NATO leader and a government source said that she had assured U.S. President Joe Biden earlier this year that Italy would quit the BRI.

The original article contains 477 words, the summary contains 208 words. Saved 56%. I’m a bot and I’m open source!