As an important country in the world, Argentina's cooperation with China has always attracted much attention. However, after the recent appointment of the new Argentine ** Milley, there have been some changes in Sino-Arab cooperation. According to reports, China abruptly halted a $6.5 billion currency swap agreement with China and Argentina. The Chinese side said it would only consider reviving the deal after Milley had made a clear show of goodwill or friendship. This change has attracted widespread attention, and many Argentine experts have said that relations with China are irreplaceable, and urged ** to change policy as soon as possible.
Currently, Argentina is facing a huge debt problem, especially from the International Monetary Fund (IMF). Argentina owes the IMF a large sum of money, and without the $6.5 billion financial cushion provided by China, Argentina would have had to renegotiate its debt with the IMF. However, given Argentina's reputation for international debt default, such negotiations are very difficult. As a result, China has become one of the few credits that Argentina can trust and choose.
In fact, the state of the Argentine economy has been far from optimistic. Inflation is over 140 percent, debt is rising, and the value of the peso has fallen by 5 percent since Milley took office. In this context, Argentina's dependence on China speaks for itself. China is a "super buyer" in Argentina, buying agricultural products such as soybeans, corn and beef, while Chinese companies have also financed and built a number of infrastructure projects in Argentina. Therefore, the softening of Milley's attitude toward China after taking office is also out of practical necessity.
Recently, however, there have been unexpected twists and turns in the arms procurement cooperation between China and Argentina. Argentina decided to abandon the purchase of Chinese "Thunder" fighter jets and instead purchase second-hand American-made F-16 fighters from Denmark. This caused discontent in Washington, which had done everything in its power to block the deal. The two parties are still in the stage of "confirmation of purchase intent", and there are still some variables.
Although Milley showed a tough stance during the election campaign and even threatened to "end relations with China", after taking office, he not only thanked China for his congratulatory telegram on social **, but also extended blessings to the Chinese people. On his third day in office, he sent a letter to the Chinese side, hoping to reach a currency swap agreement as soon as possible. All this demonstrates Argentina's dependence on China and the importance it attaches to China-Arab relations.
As a developing country, Argentina's economic development cannot be ignored. As the world's second largest economy, China has strong financial strength and technical support, which provides Argentina with huge opportunities. China-invested and financed infrastructure projects have created jobs and economic growth for Argentina. At the same time, the best exchanges between China and Argentina, especially China's demand for Argentine agricultural products, have provided Argentina with market security and sustainable economic income.
In addition, the cooperation between China and Argentina will also help Argentina optimize its economic structure and enhance its international status. China has a wealth of experience in technology, research and education, and cooperation with China can help Argentina improve its scientific and technological innovation capabilities and talent training. This will help Argentina to transform its economy and enhance its international competitiveness in order to integrate into the globalization process.
After Milley took office, his series of statements and decisions did cause some fluctuations in Sino-Arab relations. Although he has expressed the position of "ending relations with China", after the change of power, he has had to face the actual needs of Argentina and the depth of Sino-Arab cooperation. Although there have been twists and turns in arms procurement cooperation between China and Argentina, there is still a lot of room for cooperation between the two countries.
For China, it is hoped that Milley will truly demonstrate goodwill and friendship and take substantive action. China is willing to continue to deepen economic and trade cooperation with Argentina and strengthen mutual understanding and exchanges. At the same time, China also expects Argentina** to maintain economic stability and improve the business environment, so as to provide better conditions for Chinese enterprises to develop in Argentina.
In this context, we also hope that Milley can clearly understand the national development situation and formulate a development strategy that is more in line with Argentina's actual needs and national conditions. China is not Argentina's enemy, but an important partner and opportunity. Only through cooperation can a win-win situation be achieved. We believe that the cooperation between China and Arab countries will continue to deepen and bring more benefits and development opportunities to the two peoples.
Argentina's abandonment of the purchase of Chinese Thunder fighter jets and the reconsideration of its partnership with China have brought certain uncertainty to Sino-Arab relations. However, given the real needs of Argentina and the complementarity between China and Argentina, cooperation between the two countries is indispensable. Argentina's debt woes and economic tensions have made its dependence on China even more apparent. The two sides need to rebuild trust and promote cooperation through sincere dialogue and concrete actions. It is believed that with the exchanges and efforts between China and Argentina, the cooperative relations between the two countries will achieve positive and long-term development, bringing more benefits and development opportunities to the two peoples.