According to Arab media reports, China has suspended a $46.5 billion deal with ArgentinaCurrency swapsPlan. Argentina's new ** Milley sent a request to China to speed up the process shortly after taking officeCurrency swapsHowever, the Chinese side has not yet made an expected response. According to the analysis of the Arab media, China's suspension of the agreement may be because it hopes that Argentina will show a clearer willingness to contact China and then thaw the agreement. According to Arab media reports, neither the Chinese Embassy in Argentina nor China officially responded to the matter.
According to reports, this is worth 46.5 billion yuanCurrency swapsThe agreement is part of a regularly updated agreement between China and Argentina that began in 2009. The agreement is of great significance to Argentina in the context of the severe shortage of Argentina's net foreign exchange reserves. However, Argentina's ownEconomyThe problem makes it inInternationalThe decision to suspend the deal meant the loss of an important piece of financing for Argentina**. In fact, China and Argentina have maintained relatively stable relations for a long time and are moving in a more friendly direction. However, a series of actions after Milley came to power shattered this stability. He first put forward the slogan of "dollarization" in an all-round way, and then made some erroneous remarks related to China, causing China-Arab relations to fall into embarrassment. However, taking into account the actual needs of Argentina, Milley sent another letter to China requesting continuationCurrency swapsAgreement. This contradictory behavior exposes ArgentinaEconomyCooperation with China is inseparable, and it cannot escape the dilemma of ideological issues.
Arab media reports pointed out that in Argentina,RMBTransactions have become the norm in the day-to-day operations of enterprisesRMBIt accounts for 28% of transactions in the Argentine foreign exchange market. This shows the importance of China-Arab stability and cooperation for Argentina. However, after Milley came to power, he implemented "EconomyShock**"As a result, prices in Argentina have risen by 100%, which has brought certain risks to Sino-Arab cooperation. China's position is that it is willing to cooperate with the Arab side on the basis of equality and mutual benefit, which requires that the cooperation between the two sides can promote mutual development. Argentina's current series of measures have hindered the stable development of Sino-Arab cooperation, so if cooperation with Argentina would harm China's interests, then such cooperation is not necessary. Most Argentine** speculation about China's suspension of the agreement stems from this.
Argentina needs to be cautious in consideringEconomyOnly by seriously thinking about and correctly understanding the importance of Sino-Arab cooperation to Argentina can we solve the existing problems in practical actions. As Argentina's decision, China also needs to consider it for its own interests. Either wayCurrency swapsThe agreement is also economic and trade cooperation, and the two sides are in line with the promotion of development and promotionEconomydesire to cooperate. However, if Argentina's actions lead to risk-taking instead of profit, the willingness of those countries to cooperate with Argentina will gradually wane.
In short, the cooperative relationship between China and Argentina has been developing steadily, but a series of actions after Argentina's new ** came to power broke this stability. China's position has always been to cooperate on the basis of equality and mutual benefit, but some of Argentina's wrong decisions have brought risks to China-Arab cooperation. Argentina should seriously reflect on its own actions, attach importance to cooperation with China, and make efforts for the smooth progress of cooperation between the two sides. Cooperation is the driving force of development, but only through the joint efforts and sincere cooperation of both sides can we achieve true mutual benefit and win-win results.