Foreword: The newly appointed Argentine ** Milley encountered a diplomatic setback, and the United States did not support him, leading him to quickly turn to China for help. As a last resort, Milley wrote to China asking for an increase in the size of the currency swap agreement to address Argentina's huge debt and funding needs.
After taking office, Argentine ** Milley began to implement his own policy of governance with great ambition. However, his ideals were met with a cold reception from reality. During his election campaign, Milley promised to draw closer to the United States and hoped to establish good relations with the United States through his personal capacity and gain the support of the United States. However, his trip to the United States did not achieve the expected results, and even Biden ** did not meet him personally. Faced with the indifference of the United States, Milley's policy turned quickly, and he immediately turned to China for help, hoping to expand the scale of the Sino-Arab currency swap agreement.
When it comes to domestic policy, Milley has shown decisive decision-making ability. He cut half of the original 21 ** departments, leaving only 9 departments. The Ministry of Commerce, Ministry of Education, Ministry of Agriculture, Ministry of Culture, and other departments were abolished, and only the Ministry of Health was retained. Such a move demonstrates Milley's determination and ability to act on domestic reforms.
However, Milley's diplomatic defeat forced him to seek help from China. He visited the United States in his personal capacity and asked the International Monetary ** to assist Argentina, but the United States rejected his request. Faced with the ignorance and attack of the United States, Milley immediately sent a letter of request for help to China after returning home, hoping that China could help him solve the debt and financial pressure that Argentina was facing.
Although Milley had an unfriendly attitude towards China during the election campaign, and even claimed that he would stop cooperation and withdraw from the BRICS, he had to turn around in the face of the real dilemma. Argentina faces $3.4 billion in debt from the International Monetary Fund, and with huge debt pressures ahead, Milley urgently needs to find financial support. Since Milley did not have the support of the United States, he had to turn to China and ask for an increase in the size of the Sino-Arab currency swap agreement.
China has maintained a clear attitude towards Milley's request and has not given a specific reply. This has led to speculation that China may be asking Milley to clarify Argentina's diplomatic stance in order to help. After all, China does not want to see Argentina confront other countries while cooperating with China. Although this has not been officially confirmed, it is in line with the basic principles of international politics.
Milley's appeal to China shows the seriousness of Argentina's own economic predicament and the importance of China in the global economy. The expansion of the China-Argentina currency swap agreement will provide Argentina with much-needed financial support to help it cope with its debt problems. For China, this cooperation will help strengthen its presence in Latin America, while providing more business and investment opportunities for Chinese companies.
However, China-Arab cooperation also faces a series of challenges. First of all, Argentina** needs to be clear about its attitude towards China and maintain a balance in cooperation with other countries. Second, China-Arab cooperation needs to follow international rules and maintain fairness and transparency. Finally, Argentina needs to make efforts in reform, opening-up and economic transformation to attract more Chinese investment.
Summary: After Milley took office, he encountered a diplomatic setback and did not receive support from the United States. Faced with huge debts and financial pressures, he quickly turned to China for help and asked for an increase in the size of the Sino-Arab currency swap agreement. China-Arab cooperation is of great significance to solving Argentina's economic problems, but it also faces a series of challenges. Argentina** needs to be clear about its attitude towards China and maintain a balance with other countries;China-Arab cooperation needs to abide by international rules;Argentina needs to step up its reform and opening up efforts to attract more Chinese investment. The future of Sino-Arab cooperation will depend on the efforts and common interests of both sides.