Argentina used to be a rich country, and it's not an exaggeration to say "you're as rich as an Argentine". In 1908, Argentina was the world's seventh-largest economy, with a per capita income surpassing that of Germany and France. Argentina became independent early, is the southernmost part of South America, and owns most of the plain of La Plata, making Argentina a paradise for agriculture and animal husbandry. Argentina is rich in soybeans, corn, wheat, sorghum, sunflower seeds and yerba mate, and is also known for its high-quality beef. However, Argentina has made a typical mistake in its economic development, which is to rely too much on agriculture and animal husbandry at the expense of infrastructure and industrial development. This has led to a low point in Argentina's economic development.
After the new ** Milley came to power, the Argentine people were particularly worried. During the election campaign, Milley described himself as a "capitalist without a capitalist" and expressed his desire to abolish the central bank and a number of key sectors. If these reforms are implemented, the carnival of capital will become more rampant, and the rich and capitalists will be more proud and excited. This kind of extreme capitalist experiment is not a good thing for ordinary people, because capital will embezzle state-owned assets on a large scale and hoard them, and in the end it will be the common people who suffer. The interests of the rich and capitalists will be maximally protected, while the interests of ordinary people may be neglected. The Argentine people's choice must be respected, but for China, Argentina's changes have undoubtedly complicated the issue of debt repayment. China used to be an important partner of Argentina, Argentina owes China a lot of debt, and now Argentina may refuse China's invitation to join the BRICS, or even abolish the peso and switch to the dollar. This makes it urgent for China to rethink how it works with Argentina and how its debt is repaid.
Argentina's suffering did not start from scratch, and compared to other poor countries, Argentina's foundation is relatively good. Despite the negative impact of the economy, Argentina is rich in natural resources and potential. However, the current style of governance and attitude towards China have made expectations for the Argentine economy dim. China, as Argentina's creditor, should withdraw as soon as possible to guard against possible economic risks. At the same time, Argentina** should also be aware that debt repayment is a responsibility and obligation, and only by maintaining good cooperative relations with creditor countries can the domestic economy be stabilized and attract investment and cooperation from more countries.
The situation in Argentina reminds me of Mr. Yu Hua's Fugui in the book "Alive", he finally lost all his house and land, and only when he wore coarse cloth clothes did he truly appreciate the taste of life. Argentina is in a similar situation today, where it was once wealthy but now faces economic hardship and political change. The policy stance and attitude of the new ** Milley have attracted widespread attention. For China, it is necessary to respect Argentina's choice, but it is also necessary to be aware of the risks and respond appropriately.
In general, Argentina's affluence and recession, as well as the coming to power of the current ** Milley and the attitude to Chinese debt, are complex issues. It was important to respect the choices of States, but it was also necessary to protect their own interests and cooperate with creditor countries. It is a wise decision for China to adjust the way it cooperates with Argentina in a timely manner and to focus on risk prevention. At the same time, Argentina should also recognize its responsibility to repay its debts, maintain good cooperative relations with creditor countries, and create good conditions for the country's development.