The Chinese government decided to suspend financing of US$6.5 billion (R31.6 billion) from a foreign exchange swap line for Argentina, which was part of an agreement between then Argentine President Alberto Fernández and his Chinese counterpart Xi Jinping. Part of this amount would be used to pay off debts to the International Monetary Fund (IMF).
The decision, published this Tuesday (December 19) by the North American agency REDD Intelligence, citing Argentine government sources, coincides with the inauguration of Javier Milei, who has already declared on other occasions that he would close relations with the “communist dictatorship “'ll cancel” from China.
According to Argentine media, the agreement will remain frozen until the Argentine government begins fruitful negotiations with China. Last week, Milei returned to her anticommunist beliefs and sent a letter to Xi asking for a renewal of the currency exchange with Beijing.
Another point is that, according to Argentine media, China expects Argentina to clarify its position on Taiwan.
The decision had diplomatic implications: the Chinese ambassador to Buenos Aires, Wang Wei, was summoned by his government and will return to Beijing to present a report on how relations with President Milei are planned and how economic and political relations between Argentina will develop no matter what. and China.
According to local Argentine media, Wang is traveling this Wednesday (December 20) with a possible return date in January. The Argentine government's representation in Beijing is headed by a diplomat with the rank of secretary, Valeria Varone.
Milei has not yet appointed an ambassador to Beijing. The delay in appointing diplomats has caused unease in China, adding to a series of public statements insulting the Chinese government.
Chancellor Mondino has also made a number of harsh statements against the Chinese government.
