Introduction.
Just two months after taking office, Argentina's new president, Millay, was confronted with a record number of poor people. Faced with a declining economic situation, Mr. Milley had no choice but to turn to China for help. Not long ago, Wang Yi, who went to Germany to attend talks, was also invited to meet with Argentine Foreign Minister Mundino, laying a solid foundation for further developing bilateral relations. This paper analyzes the causes of the highest incidence of poverty in Argentina and the importance of China to Argentina's development.
The number of poor people in Argentina is at an all-time high.
Since Argentina's new president, Millay, took office, the country's poverty has been increasing, and by the end of January 2024, the figure will be as high as 574%, which is the highest value in the last 20 years. The number has reappeared, raising concerns about the economic situation in Argentina. The rise in interest rates in the United States has also had a big impact on the Argentine economy, and according to previous data, the United States has fallen into an economic crisis after several interest rate increases, and Argentina has declared bankruptcy several times. Some of the steps Argentina has taken in the face of economic difficulties are particularly significant and have been one of the most controversial economic policies since Milley took office.
Read more: Argentina is a country of mixed joy and sorrow in South America, and its economic problems have become a headache. As the number of poor people has proliferated, the once wealthy country has become struggling. However, this frequently changing economic model does not happen suddenly, it arises due to the wrong decision-making and the dislocation of history. What makes people think about how many innocent people are bitter and helpless in the process of poverty in a nation. The whole world is interested in how Argentina emerges from this economic crisis.
Milley**'s fiscal approach.
As soon as he took office, Mr. Milley vigorously implemented a new set of economic policies. However, the above measures did not have any effect on the economic situation in Argentina, on the contrary, the number of people living in poverty was increasing. In response, Mr. Milley's liberal economic approach, such as the complete privatization of state-owned enterprises and the reduction of the ** sector, has been widely debated. Although the Milley regime has been successful in some areas, such as financial improvement, it is still difficult to make much progress on the general decline in living standards and rising inflation.
Read more: The economic policies of the Argentine Millaean ** have caused widespread debate, with some arguing that his liberal economic policies are aimed at saving the country's economy, while his supporters oppose them because they increase the inequality of wealth in society and make life more difficult for ordinary people. The main problem facing Argentina is that it needs to carefully develop the relevant public health management system in order to coordinate the development of the country and protect the interests of its people.
The transformation of China-Arab relations.
Faced with a dire economic situation, Milley's regime gradually shifted to relations with China. During the meeting between Germany and Argentine Foreign Minister Mundino in Germany, Foreign Minister Wang Yi expressed the will and willingness of the Argentines themselves and will assist the Argentine side in overcoming difficulties. The Argentine minister also sent a friendly signal to China and expressed his willingness to actively cooperate with China. This exchange reflects the good relations between China and Argentina and provides a new opportunity for the development of bilateral relations.
Read more: Milley's change has attracted the world's attention, especially his proposed collaboration with China. There is a lot of room for cooperation in the economic and trade fields between China and Argentina, and the convening of this meeting will be a new beginning for the development of Sino-Arab relations. China's position is resolute and resolute, and it has made it clear that it will face this new economic problem together with Argentina. Sino-Arab relations are the general trend of economic development in the world today, and strengthening the close ties between the two countries will certainly play a positive role in promoting regional peace and stability.
Brief summary. Starting from the highest incidence of poverty in Argentina's history and the economic policies of the Milley administration, the article analyzes the severe economic difficulties that Argentina is currently facing. The "freedom" practiced by the United States is one of the reasons for the increase in poverty in Argentina, but the change in Millet's relationship with China has also provided it with a new opportunity for development. From the perspective of future development, Argentina needs to carefully choose a path suitable for its own development, which will ensure both the country's economic security and the country's social stability. Exchanges with countries such as China will provide Argentina with more opportunities to contribute to the country's economic growth.