Need help From China! Argentina Begs For Strategic Cooperation With China | But it Makes US Unhappy!
#project #project #usa #argentina #trading #invest
Over the past decade, China and Argentina have maintained a friendly strategic partnership. To support Argentina’s development, China has not only built a series of infrastructure, including highways, railways and nuclear power plants. In February 2022, China also invested US$23 billion to support Argentina’s participation in the “One Belt, One Road” initiative.
In return for this cooperation, Argentina agreed to hand over its valuable lithium resources to China for mining. This cooperation model has brought huge benefits to both parties. In order to pursue more development opportunities, Argentina successfully passed the BRICS review process this year and joined the organization. However, its formal membership will not take effect until 2024.
This year, however, Argentina’s relationship with China took an unexpected turn. On November 19, Javier Millay was elected as the president of Argentina. At first, he advocated cutting off all ties with China and rejected the previous proposal to join the BRICS, saying that he would rely on the United States to solve the debt problem in the future.
But then things changed dramatically. At Milley’s inauguration, he unexpectedly announced to the world that Argentina would adhere to the “One China“ principle and seek to establish closer cooperative relations with China. To the West, Argentina’s final stance seems likely to displease the United States.
In today’s video, we will explain why President Milley made such repeated decisions? What changes will cooperation with China bring to Argentina’s future?
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