Friday, April 5, 2024

Milei Softens on China as Clean Break Threatens Argentina Economy - Bloomberg

Now, President Milei is taking a far more pragmatic tone, saying trade relations between China and Argentina haven’t changed “one bit,” and that he had no intentions of touching an $18 billion currency swap.

“We have always said that we are libertarians,” he said in an exclusive interview with Bloomberg Editor-in-Chief John Micklethwait. “If people want to do business with China, they can.”

Chinese trade and investment now drive large swaths of Argentina’s economy, ranging from commodities and energy to banking. That remains true even after China's recent market rout led the country to rein in some of its foreign investment.


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