Argentina has been facing a debt crisis and economic recession since the 90s of the 20th century, and China has become one of its most important partners. However, on the tenth day of his presidency in New Argentina** Milley, China abruptly halted a $6.5 billion currency swap agreement with China and Argentina. According to reports, the Chinese side said that it would need Milley to show goodwill or friendship before considering reviving the agreement. The abrupt decision caught Argentina off guard, as the International Monetary Fund's (IMF) debt was still piling up, and Milley desperately needed the yuan to repay it.
Argentine experts said that relations with China are irreplaceable and reminded ** to change the policy as soon as possible. Although Milley expressed a negative attitude towards China during the election campaign, he immediately expressed his gratitude and blessings to China after taking office, and hoped that a currency swap agreement would be reached as soon as possible. This is because Argentina's current economic difficulties are very severe, with inflation exceeding 140% and rising debt. China is an important partner of Argentina, which exports soybeans, corn, beef and other agricultural products to China, but also relies on imported goods from the Chinese market and China's financial support for infrastructure construction.
In the face of changes in Sino-Arab cooperation, Argentina must recognize the importance of cooperative relations with China. Although Milley has taken a tough stance against China since taking office, he cannot ignore the country's development needs and the close economic ties between the two countries. Argentina's economic problems cannot be solved by simply "returning to the US track", but it needs to strengthen cooperation with China and other countries to find a path to economic recovery.
Immediately after taking office, Milley made overtures to China and expressed his expectations for the Sino-Arab currency swap agreement. However, there have been twists and turns in the arms procurement cooperation between China and the Arab States, which once again reminds China that it needs to take substantive actions to demonstrate its goodwill in engaging with China. Changes in arms procurement cooperation also hint at the complexity and uncertainty of China-Arab relations.
Argentina originally planned to buy Chinese "Thunder" fighters, but ultimately decided to buy second-hand American-made F-16 fighters from Denmark instead. The change has unnerved Washington, as the United States has been trying to block cooperation in arms purchases between China and Afghanistan. Although the two sides are still in the stage of "confirmation of purchase intent", there are clearly political and strategic considerations behind this decision.
However, even with the twists and turns in arms procurement cooperation, the cooperation between China and Argentina remains important. Argentina is an important agricultural product country in China, and it is also an important target country for Chinese enterprises to invest. This mutually beneficial cooperation is essential for the development of the Argentine economy and reflects the close economic ties between the two countries.
Argentina** faces challenges not only in economic distress, but also in social issues and political pressures. Argentina has high inflation, rising debt, and discontent from the population. The reform policies pursued by Millet were opposed by some people, and Argentina** needed to actively address these challenges if it was to achieve stable economic and social development.
However, Argentina's prospects are not entirely hopeless. As the world's second largest economy, China has a huge market and huge investment capacity, which provides Argentina with important opportunities. Argentina can strengthen cooperation with China and other countries to attract more investment and opportunities to promote the recovery and development of the country's economy.
Summary: Argentina** faces serious economic and social problems that need to be solved through cooperation with countries such as China. Although the new ** Millet had expressed a negative attitude towards China, after taking office, he realized that cooperation with China was essential for Argentina's development. Although there have been twists and turns in the cooperative relationship between China and Arab countries, the economic ties and prospects for cooperation between the two sides are still very important. Argentina** needs to face the current challenges rationally, maintain an open and cooperative attitude, deepen cooperation with China and other countries, and jointly achieve stable economic and social development.