Politics
Javier Milei plans to travel to China to meet Xi Jinping
President Javier Milei is exploring the possibility of visiting the People's Republic of China and holding a bilateral meeting with his Chinese counterpart Xi Jinping. After yesterday's renewal of the $5 billion free trade, rumors that the president will go on the trip are increasing. during the first week of July.
At the same time, presidential spokesperson Manuel Adorni said the visit was not yet confirmed, leaving the possibility open, saying it would not prevent it from taking place.
There is nothing, absolutely nothing confirmed. Not only the date, this bilateral (meeting) is not confirmed. This does not prevent this from happening, declared the official during the usual press conference at Casa Rosada.
The truth is that this possible trip comes after the president expressed strong criticism of his counterpart from the Asian giant, whom he had described as a decommunist in the past.
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We do not make pacts with the communists. I would not favor relations with communists. Neither with Cuba, nor with Venezuela, nor with North Korea, nor with Nicaragua, nor with China, replied Milei on October 16, 2023, in the middle of the electoral campaign, when asked for his opinion on the regime communist led by Xi.
Renewal of trade with China for $5 billion until July 2026
The Central Bank confirmed in a statement yesterday that it had renewed, in collaboration with the Central Bank of the People's Republic of China (PBOC), the entire activated tranche of theto exchangefor 35 billion RMB (equivalent to 5 billion dollars) between the two institutions for a period of 12 months.
Furthermore, the monetary authority indicated that the objective is for the BCRA to gradually reduce the activated amount of the swap over the next 12 months and completely deactivate this section by mid-2026.
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It follows that over the next twelve months, the entity will disburse these five billion dollars.
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