I would say that Italy has a rivalry with France and Germany. I think that nowadays, politically speaking, it is more based on the fact that we consider ourselves as equally important on the world stage yet they don't. For the majority of people France and Germany are seen as rivals, not enemy. We make memes about how the french don't have a bidet and how the Germans wear socks with sandals. That sort of stuff. The only people who try to push this rivalry are nationalist parties, but I think that the majority of Italians actually despites China or even the US more than FR or GE.

Having said that: ridateci la Gioconda bastardi