As soon as Argentina's new ** Milley took office, he implemented a series of new policies, including cutting public spending, cutting half of the ** sector, and implementing themEconomyShock**with a view to improving Argentina'sEconomyState. However, these policies merely apply theory to practice and do not take into account what Argentina has accumulatedDebtand high inflation rates and other issues that lead to the country'sFinancewithEconomyCrash quickly.
Among them, Milley is trying to implement a policy of "full dollarization", which requires a lot of cash to replace the local currency, but Argentina's currentForeign exchange reservesOnly about $20 billion, and only owedInternational Monetary Organization**ofDebtThat's a whopping $46 billion. In order to obtain dollars, Milley began to borrow aggressively, but this method did not achieve the desired effect, but instead led to the depreciation of the Argentine peso, soaring prices, shrinking domestic assets, and heavy losses in the foreign trade industry.
In addition, Milley tried to implement the "small ** route" by cutting ***, however, Argentina's *** control was not strong in the first place. After the implementation of the new policy, 11 provinces in Argentina announced their entry into ".Economystate of emergency", moreprovincesThe refusal to implement Milley's policy has further confused the situation in the country.
Faced with Argentina's chaos and crisis, Milley first turned to the United States for help, but his request was acceptedUnited States**Refuse. Milley then turned to China and asked for financial support. Ironically, however, Milley made inappropriate remarks against China during the election campaign and even threatened to sever ties with China. This makes him now have to face the consequences of his previous words and actions when he asks China for help, and it also makes China take his request with reservations.
Argentina**After taking office, Milley wrote a personal letter to the Chinese leader, asking China to give Argentina financial support. Although China has previously provided $18 billionCurrency swapsquota to help Argentina payDebtwithInterest, but China did not immediately respond to Milley's new request.
According to Argentina**, the Chinese side believes that Milley's previous inappropriate remarks and attitudes towards China are worthy of vigilance. Spokesperson for China***Wang WenbinHe said that China has always insisted on cooperation with Argentina on the principle of equality and reciprocity, but did not give a clear response to Milley's request.
However, it should be emphasized that these news are all ** reports, and the specific position of the Chinese side has not yet been clarified. There are some views that Argentina currentlyEconomyThe situation is too bad, the magnitude of change is too great, in ChinaFinanceThe basis for cooperation is insufficient. Therefore, now Milley is asking China for suppliesFinanceHelp may not be reasonable.
Whether or not China will respond to Milley's request, Argentina's situation is already dire. EconomyIn response to Milley's New Deal, he cut half of the first department, slashed public spending, tried to implement a "full dollarization" policy, and implemented ".EconomyShock**”。As for whether China will agree to Argentina's request for help, China has not yet responded clearly.
Argentine new ** Milley is known as the "Argentine Trump", and after coming to power, he quickly implemented a series of new policies. However, these new policies did not take into account Argentina'sDebtProblems such as accumulation and high inflation rates have caused Argentina to fall into chaos andEconomyCrisis. Milley's core proposition is "full dollarization", but Argentine'sForeign exchange reservesIt was not enough to support this policy, which led to Milai** having to borrow aggressively, which was further exacerbatedEconomyIssue.
Milley also tried to cut off the ** department and take the "small ** route", but Argentina's *** was not strong in control, and this policy further exacerbated the chaos in the country. Some in ArgentinaprovincesAnnouncing the entry in".Economystate of emergency", moreprovincesThe refusal to implement Milley's policy has further destabilized the country.
in the faceEconomyand political chaos, Milley first turned to the United States for help, but when he was rejected, he turned to China for help. Although Milley has previously made inappropriate remarks about China, China has previously provided a certain amountCurrency swapsIn the tank. As for whether China will respond further to Milley's request, there is no definite word. However, Milley's request for China's help also needs to face the consequences of his previous attacks and treatment of China.
In short, Argentina was in crisis because of Milley's New Deal. Milley tried to improve through new policies such as cutting public spending and cutting down the ** sectorEconomysituation, but these policies do not take into account Argentina'sDebtand high inflation rates and other issues that lead to the country'sFinancewithEconomyGo to pieces. Faced with the crisis, Milley turned to China for help, but China took a grain of salts about his pleas due to his inappropriate remarks about China during the election campaign. At the moment, it is unclear whether China will respond to Milley's request.