Soon after Argentina's Milley came to power, he quickly introduced a series of radical onesEconomyReform measures. However, these reforms did not help Argentina as much as he had hopedEconomyRecovery, on the contrary, let Argentina'sCurrency depreciation54%. FaceEconomyThe crisis, Argentina began to seek help from China, hoping to solve it through cooperation with ChinaEconomyPlight. However, it is worth pondering whether this shift is wise and whether it will lead to positive results.
When Milley came to power, he quickly took measures to slash state institutions in order to improve their efficiency. However, this practice has led to:Currency depreciationand the rise in inflation. The Argentine peso depreciated sharply by 54% on the day, and inflation problems began to emerge seriously. Faced with such a dilemma, Milley has turned to a policy of fully embracing dollarization. However, this capricious policy orientation has made Argentina'sEconomyThe problem worsens.
Argentina has always existedDeficitproblems in the first half of this yearDeficitIt has reached 43$8.7 billion. ExceptDeficitOutside of ArgentinaForeign exchange reservesAlso precarious. A countryForeign exchange reservesis an important guarantee for the stability of its currency, but Argentina is because ofCurrency depreciationSeverelyCapital flightForeign exchange reservesConstant churn. In the face of foreign exchange tensions and the inability to repay foreign debts, Argentina borrowed China's renminbi to stabilize its positionEconomy。However, Milley's policy shift accelerated Argentina'sCurrency depreciation, which made Argentina want to go back to China for help.
As soon as Milley came to power, he showed an extremely ** stance and did not handle the relationship between China and Brazil and other ** partners effectively. However, China and Brazil are precisely Argentina's top three partners, and it is doubtful that Milley wants to expand Argentina's exports while breaking cooperation with them. Whether Milley's claims are credible and whether they can bring real benefits to Argentina needs to be further evaluated.
The foundation of China-Arab cooperation lies in the common interests and mutual trust of the two countries. However, Milley's policy shift has put Sino-Arab relations in jeopardy. Cooperation needs to be built on a stable basis, and if Milley breaks his faith and no longer fulfills his commitment to cooperation, then China-Arab relations will face a major test. As a party seeking cooperation with China, Argentina needs to seriously consider the future development of China-Arab cooperation and the issue of Milley's integrity.
A series of radicals after Milley came to powerEconomyThe reform measures have brought serious consequences to ArgentinaEconomyQuestion,Currency depreciationand the rise in inflation has plunged Argentina intoEconomyCrisis. In the face of difficulties, Argentina has sought cooperation with China, but Milley's policy change and stance have raised questions about the stability of Sino-Arab cooperation. Argentina needs to reassess Milley's policy and cooperative attitude towards China, while maintaining stability in Sino-Arab relations, in order to be in the countryEconomyFinding a way out of the dilemma.
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