China did not directly give Argentina RMB, but in a different way to help Argentina, the benefits will be even greater, and China's intentions Milley should understand. #军史观察团#
As we all know, as soon as Milley came to power, he immediately sent a letter to the Chinese leader, proposing to accelerate the scale of the currency swap between China and Argentina, hoping to expand it to $6.5 billion. In this way, Argentina will be able to use the renminbi to pay off its debt to the IMF.
However, Milley's request did not receive a positive response from China. Even, the Argentine media also revealed that China has suspended the currency swap agreement with Argentina, and it is still uncertain how long it will be shelved. Moreover, there has been no positive response from Chinese officials to this matter.
However, according to the convention, China and Argentina renew part of the currency swap agreement every year, and the reason why Milley is so anxious to promote this matter is mainly because Argentina's net foreign exchange reserves are already mired in the quagmire of "negative dollar", and the agreement is also one of the few credits in Argentina at present, so the currency swap agreement with China is crucial for Argentina at present.
But there has been no action on the Chinese side, and Milley can only be more than willing but not enough. However, Milley is also trying to make overtures to China as much as possible. Last month, Milley quickly appointed a new ambassador to China to promote the development of Sino-Arab relations. However, just as Milley was bothered by the matter, there was a new move on the Chinese side.
It is reported that in the past two days, the Chinese Ministry of Finance has made certain adjustments to import tariffs, including 143 Argentine industrial and agricultural products. Not only has the scope of tariff reductions been expanded, but the duration of tariff reductions has also been extended. In addition, the products with the largest adjustments are Argentine dried sweet corn and coriander seeds, which China has directly zeroed in on import tariffs.
In addition to this, a range of import tariffs on seafood and dairy products have also been reduced. Moreover, this adjustment is effective immediately. You must know that Argentina is a large agricultural country, and its agricultural income accounts for 20% of the total GDP, so China's move this time will inject a lot of impetus into Argentina's economic revitalization.
Of course, China's adjustment of import tariffs at this juncture must have a certain intention. From the content, it is enough to see that Argentina has benefited the most from this tariff adjustment. On the one hand, China has not relented in expanding its currency swap agreement, so it wants to help Argentina revive its economy in a different way.
On the other hand, it is also to convey a signal that China will continue to strengthen cooperation with Argentina and avoid over-interpretation of the current situation of relations between the two countries. You know, during this time, the outside world has also been speculating whether China will suspend its preferential trade policies for Argentina. After all, during the Milley election campaign, he made insulting remarks about China, not only calling China an "assassin" but also threatening to "sever relations" with China.
It can be seen from this that China has not made any moves that are detrimental to the relations between the two countries at present, which shows that China has no intention of making many changes in its policy toward Afghanistan. However, it is also necessary to look at several recent events in parallel, and we will find that the measures taken by China have a certain meaning.
Due to Milley's previous negative remarks about China, China is also in a state of wait-and-see. Although Milley has taken some gestures of goodwill to China after taking office to make up for his previous inappropriate remarks, it has not been enough to gain China's trust.
After all, Milley is still more inclined to move closer to the United States and Western countries in foreign policy. Therefore, China also needs to continue to test Argentina. There is no agreement to expand the scale of currency swaps, and this factor is also taken into account. What's more, at a time when Argentina's economy is on the verge of collapse, expanding currency swaps is also a big risk for China.
In addition, China also hopes that this way will allow Argentina to solve the problem in a more independent way, and if it relies too much on currency swaps, it will also be detrimental to Argentina's economic development in the long run. Therefore, China has chosen to reduce tariffs to help Argentina improve foreign trade transactions.
There is an old Chinese saying that it is better to teach a man to fish than to teach him to fish. If you look at it strategically, China's reduction of import tariffs will definitely help Argentina more than the expansion of currency swaps. Of course, whether it is economically or diplomatically, China hopes that Argentina can be more independent, and also hopes that Milley can understand China's intentions.