Argentina's new Millet previously said during the election campaign that he would not do business with China and planned to stop all cooperation projects with China. However, his attitude changed 180 degrees after a trip to the United States. The unsuccessful meeting between Milley and America's **Biden made him realize that the United States is not the support and help they need the most. On the contrary, China has become a reliable supporter of Argentina's financial problems**. After taking office, Milley underwent a tremendous change in his stance toward China, stressing that he would attach great importance to diplomatic relations with China and was willing to further strengthen cooperation between the two countries in the economic, trade, and people-to-people fields. Milley has sent a request to China for support and help.
The speed of this change is astonishing. Those who follow Argentina should know that Milley made a tough statement during the election campaign. However, in the face of a dire economic situation and financial difficulties, Milley has come to realize that China is a real and important partner that can help them solve their problems. Argentina is facing the dual pressure of declining foreign exchange reserves and an impending recession, and is in dire need of external support. At the same time, China, as Argentina's second largest partner, is crucial to Argentina's economic recovery. Milley's change in attitude towards China is logical and has been understood and recognized by the outside world.
After years of economic crisis, Argentina urgently needs to strengthen its interaction with its key partners, especially in the financial problem. As an important partner of Argentina, China is not only a major export market for agricultural and sideline products, but also a key driving force for Argentina's economic recovery.
At his inauguration, Milley admitted that Argentina is now experiencing huge financial difficulties. They will need to repay the IMF's debt and will face more pressure to pay it next year. In the absence of other loans, Argentina urgently needs to renew its currency swap agreement with China to resolve the current fiscal crisis. For Argentina, such cooperation can reduce financial pressure and maintain stable economic development.
Moreover, Argentina has agreed to expand the currency swap agreement with China in the last session, which provides a legitimate and reasonable excuse for Milley to seek Chinese assistance. Through cooperation with China, Argentina can obtain renminbi to repay the IMF's debt, reduce the fiscal burden, and create better conditions for economic recovery.
Milley's change of stance is in line with Argentina's consistent attitude towards China's cooperation. Argentina values cooperation with China, both on the left and on the right, and will not refuse to cooperate with China on joint infrastructure and energy projects. In fact, not only Argentina, but also the United States cannot refuse cooperation with China, repeatedly emphasizing that it does not want to decouple from China.
The partnership between Argentina and China is based on mutual benefit. China is Argentina's second-largest partner, after Brazil. Argentina can boost exports, stimulate domestic demand, and boost economic growth by strengthening economic cooperation with China. China, in turn, could benefit from Argentina, an important exporter of agricultural and sideline products, to meet the needs of the domestic market.
Especially in the areas of infrastructure and energy, Argentina has great potential and demand. China has the technology and capital to provide Argentina with the necessary support and assistance. Through cooperation, we can promote the complementary and coordinated development of the economies of the two sides and achieve common prosperity.
Argentina's new Milley's trip to the United States made him realize that China is an important support for solving financial problems. After years of economic crisis and financial difficulties, Argentina is in dire need of external support and assistance. As Argentina's second largest partner, China has great potential and significance. The economies of the two countries are highly complementary, and there is a broad space for cooperation in the fields of infrastructure, energy, and agricultural and sideline products. By strengthening cooperation, Argentina's economic recovery can be promoted and the living standards of its people can be improved. At the same time, China can also gain more resources and market advantages from Argentina, an important exporter of agricultural and sideline products.
Argentina's turn of turn shows that they attach importance to and expect cooperation with China. Moreover, this cooperation will bring more opportunities and benefits to both parties. It is believed that with the joint efforts of both sides, the cooperative relationship between Argentina and China will be further deepened and expanded, bringing a better future to the two peoples.