Argentina's Milei to Strengthen Economic Ties with China

Argentina President Javier Milei is set to visit China to meet with President Xi Jinping. This visit follows the renewal of a crucial $5 billion currency swap line between the two nations, easing immediate repayment concerns for Argentina. This trip signals strengthening economic relations between Argentina and China.

Argentina President Javier Milei will travel to China in the coming weeks and meet with Chinese President Xi Jinping, local newspaper Clarin reported on Thursday.

The news comes a day after Argentina's central bank announced that Argentina and China had renewed the activated part of a major currency swap line for the equivalent of $5 billion through July 2026. Argentina had faced the prospect of billions of dollars' worth of repayments on the swap this month and next if it did not reach an extension with China, a potential headache for Milei with reserves depleted.

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