China and Uruguay committed to enhancing their economic ties on Tuesday, coinciding with Javier Milei in Argentina embracing the Trump administration’s revitalized approach in the region. Following a meeting in Beijing between presidents Yamandú Orsi and Xi Jinping, Uruguay and China formalized over a dozen agreements encompassing investment, trade, and scientific cooperation. In a distinct … Read more
The provincial government of Santa Cruz announced on Sunday that it has secured a loan of US$136 million from China to restart construction on a hydroelectric dam, a project that has been stalled since December 2023. The total loan is US$150 million and is provided by a consortium of banks led by ICBC and the … Read more
The diplomatic pivot of the Javier Milei administration towards Washington presents a strategic opportunity for US President Donald Trump to begin diminishing China’s influence in Latin America. Scott Bessent, serving as Treasury Secretary under Trump, articulated this within the framework of mobilizing financial support: “Milei is committed to getting China out of Argentina,” he stated … Read more
China’s remarkable growth in recent years is well-known; however, the increasing emphasis on sustainability within the country’s investment and development strategies is less acknowledged. In 2012, China integrated the notion of an “ecological civilization” into its National Constitution, establishing environmental protection as a fundamental prerequisite in its development strategies. In September 2020, President Xi Jinping … Read more
Despite Argentina’s assertions to the contrary, the bailout from the United States government seems to be contingent upon certain conditions: they are seeking to eliminate China’s presence in Argentina. However, given Argentina’s substantial annual exports to China and the potential for significant infrastructure projects, one must consider whether President Javier Milei would genuinely sever these … Read more
Argentina’s lithium sector has established a new ten-year roadmap. Public and private estimates indicate that over the next decade, the country’s “atomic number 3” industry is projected to triple in size, exceeding a total installed production capacity of 650,000 tonnes of lithium carbonate equivalent. If just over half of that total were processed and exported, … Read more
According to the latest report from the INDEC national statistics bureau, Argentina’s trade with China recorded the highest negative balance in the first half of the year: US$5.227 billion. The Asian giant continues to be Argentina’s second largest trading partner; however, the disparity between exports and imports is significant. Exports constitute 22.5 percent of total … Read more
Former US Treasury secretary Lawrence Summers cautioned that US President Donald Trump’s policies could lead the US down a trajectory akin to that of post-war Argentina, which transitioned from a relatively advanced developed nation to an economic underperformer. “Argentina went completely off track because of decisions made in a few years by an elected — … Read more
Javier Milei’s strained relations with China are hindering private-sector business activities. Regrettable remarks from Argentina’s President and his exaggerated portrayal of the relationship with US President Donald Trump have obstructed crucial efforts that sustain trade continuity. While the rhetoric has been moderated in Argentina, Beijing and its investors are anticipating a definitive action: either a … Read more
The ongoing trade conflict presents significant advantages for Brazil and Argentina, particularly in the sectors of meat and grains. Brazil and Argentina are positioning themselves as early beneficiaries in the global trade conflict that is disrupting agricultural markets. The intensifying friction between the United States and China, the foremost supplier and consumer of agricultural goods, has presented … Read more