After taking office, Argentina's new Javier Milley actively sought to expand with ChinaCurrencyswap agreements to alleviate the severity of the stateEconomyCrisis. However, according to a number of Argentine** disclosures, China suspended 46.5 billion yuanCurrencyThe swap agreement requires Argentina** to show a willingness to engage with China before considering follow-up cooperation. This move shows that Sino-Arab relations have been hampered to a certain extent.
ArgentineEconomyThe predicament is extremely severe, and Milley ** has taken a large-scaleEconomyliberalization reform measures, through which attempts to restore the countryEconomyState. However, in less than two days, the ** of 11 provinces announced plans to control and reduce public spending and announced their entryEconomyThe state of emergency, which triggered a massive ** march. The speed and intensity with which Milley implemented the reforms seemed to be excessive, leading to popular dissatisfaction andEconomyFurther deterioration of the situation.
Against this backdrop, Milley is desperate to sign with ChinaCurrencyswap agreement to obtain a buffer sum of fundsDebtDeferment of repayment. If China refuses to provide this funding, Argentina will have to re-engage with itInternationalCurrency** Organization (IMF) onDebtissues to negotiate and find other funding**. However, given Argentina's current oneEconomysituation and ** reform initiatives, this task is almost impossible to accomplish. Fortunately, China did not completely terminate cooperation with Argentina, but only suspendedCurrencySwap Agreements. As long as Milley shows a willingness to continue to engage, there is still room for cooperation between the two sides.
China as an important oneInternationalPartners have always insisted on cooperation with other countries on the basis of equality and mutual benefit. The suspension taken by China against ArgentinaCurrencyThe move in the agreement does not put forward too onerous conditions, and as long as Milley is willing to engage with China, opportunities for cooperation will be provided. Spokesperson for China***Wang WenbinHe said that China is willing to cooperate with Argentina on the basis of equality and mutual benefit.
In order to ease relations with China, Argentina** decided to appoint a veteran diplomat, MarceloSuarezSalvia is ambassador to China. This appointment was considered a good sign of the importance that Argentina attaches to its relations with China and its willingness to re-establish cooperation. MarceloSuarezSalvia has submitted an application to the Chinese Embassy in Argentina and is expected to take up his post as soon as possible.
However, Milley must recognize the importance and irreplaceability of relations with China. ArgentineEconomyThe problem is purely a predicament within the State and cannot be solved by slogans and accusations alone. It is an unrealistic fantasy to look to the West to save Argentina from its predicament. Millet must properly manage relations with China, not be unspoken, and only then will there be hope for ArgentinaGet out of the woods
After Argentina's new Millay took office, he actively sought to expand with ChinaCurrencyswap agreements to ease the state'sEconomyCrisis. China, however, appears to have halted the deal, asking Milley to show willingness to engage with China before considering cooperation. At present, Sino-Arab relations have been hampered to a certain extent. Milley ** implemented on a large scaleEconomyLiberalization reform measures, trying to revitalizeEconomycondition, but triggered a large-scale ** activity and furtherEconomyDeteriorate. Faced with grimEconomysituation andDebtUnder pressure to repay, Milley is desperate to sign with ChinaCurrencySwap Agreements. China did not completely terminate cooperation with Argentina, suspendedCurrencyThe agreement was only meant to send a clear signal to Milley. As long as both sides demonstrate a willingness to continue working together, the opportunity for cooperation remains. China reaffirmed the principled position of cooperation between China and Argentina on the basis of equality and mutual benefit. In order to ease relations with China, Argentina** decided to appoint MarceloSuarezSalvia is ambassador to China. This decision shows the importance that Argentina attaches to its relations with China and its willingness to re-establish cooperation. Millet must recognize the importance and irreplaceability of relations with China and properly handle relations with China in order to find a better way out for Argentina's development.