日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

Currency swap deal boon for Argentina

By JIMENA ESTEBAN in Buenos Aires, Argentina | China Daily | Updated: 2025-05-16 09:22
Share
Share - WeChat

Argentina's renewal of a $5 billion currency swap with China, despite opposition from the United States, has given a boost to the country's economic recovery and underscored a financial partnership that continues to "expand out of necessity", analysts say.

The April 10 extension spares Argentina from repaying $5 billion to China this year — a critical relief as it grapples with a severe dollar shortage and persistent inflation. The deal came just a day before the International Monetary Fund approved a new $20 billion bailout package for Argentina.

The currency arrangement, in place since 2009, highlights Beijing's growing economic ties with Buenos Aires, said Alejandro Marco del Pont, an Argentine economist and international relations expert.

"China is investing in railway transportation, hydroelectric dams and the Atucha III nuclear plant — a joint Chinese-Argentine project," he said. "Their interest in the Strait of Magellan for future maritime logistics between the Atlantic and Pacific is another US concern."

In 2023, China was Argentina's second-largest trading partner after Brazil, leading in purchases of key Argentine exports such as soybean, meat and lithium.

The US has strongly opposed Argentina's currency swap deal with China. Mauricio Claver-Carone, the State Department's special envoy for Latin America, threatened to withhold IMF support unless Argentina distanced itself from China.

Argentine President Javier Milei had previously moved to "cool "down its relationship with China, said Sebastian Schulz, a sociologist and expert in Chinese studies at the National University of La Plata.

Practical considerations

However, practical economic considerations have maintained bilateral trade ties on a solid footing. Marco del Pont said Argentina's economic relationship with China continues to "expand out of necessity".

Schulz agreed, saying that trade flows, mining investments and financial cooperation — including the currency swap — remain active. "The relationship with China remains structurally important to Argentina's economy," he said.

Argentina's economic crisis has reinforced its need for Chinese financial support. The currency swap deal has evolved into an important lifeline for the country's economy.

"It enables foreign trade without straining official dollar reserves, potentially limiting price increases in key sectors," Schulz said. "It also helps stabilize the economy by boosting central bank reserves — and notably, China imposes no conditions on Argentina's economic policies."

Marco del Pont said the deal helps Argentina manage immediate currency pressures, curb inflation on imports and secure essential imports such as machinery from China.

However, it remains a stopgap measure rather than a solution to Argentina's fundamental economic problems, he added.

"It offers temporary liquidity but doesn't address Argentina's structural problems — the lack of market confidence and the underlying dollar shortage — even in the context of the IMF program framework."

The writer is a freelance journalist for China Daily.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 日日麻批| 亚洲国产精品一区二区久久 | 国产毛片久久精品 | 免费免费啪视频在线 | 色播在线永久免费视频网站 | 久爱视频www在线播放 | 国产成人18黄禁网站免费观看 | 欧洲精品欧美精品 | 精品久久国产 | 国产成人99 | 亚洲香蕉视频 | 91九色首页| 久久精品视在线观看2 | 婷婷六月综合 | 国产片侵犯亲女视频播放 | 天天干夜夜爽 | 99久久精品国产一区二区成人 | 日本亚洲视频 | 国产男女爽爽爽免费视频 | 91天堂| 国产玖玖 | 三级高清 | 久久久久草 | 激情国产视频 | 欧美成人欧美激情欧美风情 | 久热中文字幕在线 | www.99re14.com | 亚洲国产清纯 | 日韩 欧美 国产 亚洲 中文 | 91高清国产视频 | 亚洲午夜免费视频 | 99精品一区二区免费视频 | 免费黄色a视频 | 日本一区免费在线观看 | 精品久久不卡 | 色综合久久88色综合天天 | 中文字幕一区在线观看视频 | 日本一区二区三区高清不卡 | 色噜噜狠狠网站 | 99精品国产高清一区二区麻豆 | 又黄又爽免费无遮挡在线观看 |