Ximan might be their saviour........

Ximan might be their saviour.....

https://www.batimes.com.ar/news/economy/top-argentine-officials-to-meet-peoples-bank-of-china-chief-amid-swap-talks.phtml

Excerpt below, "Milei will leave it to the private sector to deal with China"

Largest-ever swap line

China’s swap is the largest source of foreign reserves in Argentina’s Central Bank, whose debts are currently larger than its assets. It’s become the biggest yuan swap line in the world, at a time when China has been using them in several countries to expand its global influence.

Mondino is joined by a large delegation of Argentine business people who will participate in various meetings to lure investments into Argentina and grow the trade partnership. She will also meet on Tuesday with high-level Chinese officials to promote investment in infrastructure in Argentina, according the person.

Among other issues, the officials will discuss the future of a hydroelectric power project in Santa Cruz, the biggest ongoing Chinese project in Argentina, which is on hold because of a lack of Argentine financing. President Javier Milei froze all public works since taking office as part of his austerity cuts.

On the campaign trail, Milei raised questions about the future of Argentina’s relations with the Asian giant if elected, calling the Chinese “assassins” and “communists.” He said he would leave it to the private sector to maintain commercial ties with China. In an April 4 interview with Bloomberg News, however, the president adopted a much more pragmatic tone, avoiding incendiary remarks and assuring he wouldn’t touch the currency swaps.

Chinese trade and investment drive large swathes of Argentina’s economy, ranging from commodities and energy to banking. That remains true even after the country reined in some of its foreign investment during a market rout. China is the second-biggest buyer of Argentina’s exports, behind only Brazil, and its main source of imports.