Mr. Mondino concluded a four-day visit to China on Wednesday., The meeting was accompanied by senior financial officials, including Central Bank Governor Santiago Bausiri and Finance Secretary Pablo Quirino, as well as a large business delegation of Argentine exporters.
This is Mondino’s first visit to China since he took office in December.
Wang praised the comprehensive strategic partnership between China and Argentina and called for deeper cultural exchanges at the local level, adding that the Chinese government hopes to be Argentina’s “long-term and reliable cooperation partner.”
“China will work with Argentina to strengthen communication, deepen mutual trust, solidify the development of bilateral relations and cooperation in various fields, and make China-Argentina relations more mature,” Wang said. We are prepared to make it stronger.”
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He said the two countries should continue “high-quality construction of the Belt and Road,” while encouraging deeper cooperation in trade, finance, polar research and space under the initiative.
Wang said the two countries “must continue to cherish and solidify mutual political trust” and continue to strive for mutual understanding and support on issues related to “core interests and grave concerns.” He added that there is.
Wang’s remarks followed earlier reports in Argentina about China’s deep space ground station in Neuquén province. U.S. military and intelligence officials have raised concerns about the high-security facility, which houses a powerful 16-story antenna that can monitor 300,000 kilometers (186,000 miles) above the Earth.
The Noticias Argentinas newspaper reported, citing senior government sources, that Milley’s government is investigating activities at the off-limits base to ensure that original agreements regarding the facility are followed. The plan was to check.
Buenos Aires was invited to join the BRICS group of major emerging economies – Brazil, Russia, India, China and South Africa – in 2023, but withdrew as soon as Mr Millay took office.
Millay’s strategy is in stark contrast to his predecessor, Alberto Fernández, who praised China as Argentina’s “true friend” during a visit to Beijing last October.
Buenos Aires will officially join the Chinese government’s Belt and Road Strategy in 2022, which will see it receive Chinese funding for the construction of hydropower plants, wind farms, and solar parks, as well as cooperation in transportation infrastructure, agriculture, and manufacturing. Now available.
US Secretary of State to meet Brazilian and Argentine presidents next week
US Secretary of State to meet Brazilian and Argentine presidents next week
Argentina raised at least $17 billion in financing from Chinese state-owned banks between 2005 and 2022, making it one of the largest recipients of Chinese investment and financing in Latin America, according to a dataset compiled by the Inter-American Dialogue and the International Conference. became. Boston University Center for Global Development Policy.
The two countries have also signed an $18 billion currency swap that expires in June. Mondino’s visit is seen as part of Argentina’s efforts to restart the currency swap to boost its dwindling foreign exchange reserves.
Last year, China was Argentina’s third-largest export destination, accounting for $5.2 billion and almost 8% of Argentina’s total exports. China is Argentina’s second largest trading partner after Brazil, and a major export destination for beef and soybeans.
Speaking at the Argentina Business and Investment Summit in Shanghai on Sunday, Mondino said Argentina needs to create substantial opportunities to expand and diversify its export supply to China.
As China raises security deposits, actions remain louder than words for foreign companies and expatriates
As China raises security deposits, actions remain louder than words for foreign companies and expatriates
China is an important partner for Argentina’s renewable energy sector, with Chinese companies involved in projects such as the Loma Blanca and Miramar wind farms, the Vientos del Secano project in Buenos Aires, and the country’s largest solar farm, Cachari. We are providing funding.
In his meeting with Wang, Mondino said the government “pursues an open-door policy and welcomes Chinese companies to invest and operate in Argentina.”
