Milei Seeks Pragmatic Ties with China Despite Campaign Rhetoric, As Argentina's Economy Falters
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Argentina's president-elect Milei has insulted China but needs trade with them as recession looms and reserves run low. China is Argentina's 2nd largest trade partner.
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China buys most of Argentina's soybeans, beef, and lithium. Incoming foreign minister aims to bolster private trade, not cut ties.
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Some major infrastructure projects funded by China could be at risk under Milei, who aims to overturn trade deficits.
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If Milei cancels projects, China may ask for money back that Argentina doesn't have due to cross-cancellation clauses.
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Experts see a pragmatic relationship ahead. Milei likely to view ties in economic terms given his economist background.