Argentina's new Javier Milley showed a different liberal leaning from his predecessor on his first day in office. He quickly cut the number of departments in order to reduce expenses, and he made clear his reluctance to form an alliance with communist countries. In addition, he made it clear that Argentina would not joinGold BricksFive countries.
However, what is surprising is that recently the news broke that Milley actually sent a letter to China asking for help, hoping that the Chinese side can speed up the relationship between the two countriesCurrency swapsProcess. What is even more remarkable is that Milley also met with and held talks with an official delegation from China shortly after taking office. This series of changes indicates a clear reversal in Milley's attitude towards China.
As we all know, Argentina is currently facing a serious situationEconomySituation. High inflation rate and heavyInternationalThe arrears of the Monetary Organization put Argentina in a difficult position. InternationalAccording to data released by the Monetary ** Organization, Argentina as of the end of this summerForeign exchange reservesIt is only about $20 billion, and when all kinds of external debt are taken into account, that figure becomes more than $10 billion. Faced with such a heavy debt burden, Argentina simply cannot repay its debts on time.
In view of this, the predecessor ** tried to reach a deal with ChinaCurrency swap agreementsto alleviate debt stress. In June of this year, Argentina used it for the first timeRMB, successfully paid off $2.7 billionInternationalMonetary ** Organizational Debt. Since then, Argentina has used it every time it repays the loanRMB。This approach not only alleviates the debt problem, but also strengthens Argentina's ** ties with China.
FaceEconomycrisis, Milley apparently realized that it was simply unrealistic to break off cooperation with China. China is not only Argentina's largest export market for agricultural products, but also its second largest partner. InEconomyIn the midst of this difficult situation, Milley wisely chose to strengthen cooperation with China and attach importance to the relationship between China and Argentina. For him, it is undoubtedly wise to maintain a good cooperative relationship with China.
Milley's emphasis on Sino-Arab relations is not accidental, but is based on the combined influence of internal and external factors. In terms of external factors, China is the largest in the worldEconomyOne of them, its huge market potential is attractive to any country. In the era of globalization, it is important for countries to strengthen cooperation with ChinaEconomyAn important choice for development. And for Argentina such a thingEconomyFor countries facing difficulties, cooperation with China is even more urgent.
In terms of internal factors, Argentina is not only facingEconomysluggish, but also facing many social problems. In this context, Milley needs to be promoted through cooperation with ChinaEconomyas well as the resolution of domestic problems. Cooperation can lead to more ** opportunities and investments for ArgentinaEconomyInject new energy. At the same time, cooperation with China will also help improve people's livelihood and promote people-to-people exchanges and cultural integration.
In short, there are complex reasons behind the reversal of Argentina's attitude towards China. In the face of grimEconomyCooperation with China has become the key to Argentina's development. Milley's transformation is more than just a pursuitEconomyThe need for interests is also the pursuit of internal affairs and the improvement of people's livelihood. The deepening of China-Arab cooperation will bring more opportunities and challenges, and in this context, the two sides need to work together to promote common development of both sides.