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Argentina/China trade forecasted to boom in Yuan-denominated operations

Tuesday, September 30th 2014 - 22:50 UTC
Full article 24 comments

Trade between Argentina and China could see a rise in Yuan-denominated operations after the bilateral currency swap deal that was sealed earlier this year, according to key leaders of the Sino-Argentine business community in Buenos Aires. Read full article

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  • Z-ville

    So, just out of curiosity, what mechanism are they going to use to peg the value of a Yuan in Pesos...?

    If the Peso free-falls the problem will remain the same

    Unless the Chinese are prepared to write off huge amounts of trade losses for political gains, of course...

    Sep 30th, 2014 - 11:55 pm - Link - Report abuse 0
  • yankeeboy

    China doesn't know what to do with all the SOY they currently have stockpiled. They paid too much for it so they can't sell it. Gosh knows losing money is frowned upon in China.
    So what in the world are they going to buy from Argentina to “trade”?
    Or is this going to be 1 way trade until the U$600 line of credit is used up?
    yeah probably

    I also think its funny they say the Yuan is growning in use and is UP TO 1.6% of all International Trade. Pretty small.
    Does anyone use the Swiss Franc for trade?

    Oct 01st, 2014 - 12:37 am - Link - Report abuse 0
  • Briton

    We thinks that CFK has something China wants,

    And desperation will give it to them,
    now of course one cannot speculate but an open door, wont be to far out..

    Oct 01st, 2014 - 12:37 am - Link - Report abuse 0
  • La Patria

    I thought CFK's protectionist policies to protect local manufacturing were restricting imports.........so is she now making an exception to Chinese goods? It'll be interesting to see how industria argentina reacts to this.

    Oct 01st, 2014 - 12:41 am - Link - Report abuse 0
  • Conqueror

    Taking everything written in the article into account, why can't argie importers pay in argie pesos? Why do they have to buy Chinese yuan first? Could it be that China makes more money out of selling yuan first? Hang on, Kickitoff is a Marxist. Is there a connection?

    Oct 01st, 2014 - 09:48 am - Link - Report abuse 0
  • Argenfellow

    It seems easy to understand, after all: The U.S. forced a second default on us. Then, Westinghouse is no longer an option for building our fourth nuclear central. The Chinese contract has already been signed. ROSATOM, probably, will be the candidate for the fifth. China and Russia will become our new partners. That will be the price for the protection of the vultures´ greed against the interest of 93% of our bondholders. And it´s only the beginning. We have got, in a pretty short time, that our special feud with the vultures has transformed in a world issue, and that our position has been adopted by a substantial majority of United Nations members. A result not probably foreseen for that self-propelled mummy known as Mr. Justice Griesa, his vulture masters, and perhaps even the State Department. South American reptilian cipays have been granted the pleasure of watching their respective governments backing Argentina with their votes; as it has been done by most of LATAM. (Dear brothers: ENJOY IT...!, ENJOY IT..! )

    Oct 01st, 2014 - 10:42 am - Link - Report abuse 0
  • aussiesunshinee

    *6 WELL SAID !!

    Oct 01st, 2014 - 11:00 am - Link - Report abuse 0
  • Briton

    China and Russia will become our new partners,

    Ah well that settles it then, problem over,
    its the American fault, and the china and Russia will come to and defend the integrity of Argentina,

    simple is it not...?

    Oct 01st, 2014 - 11:08 am - Link - Report abuse 0
  • yankeeboy

    Nobody can seem to tell me what China is going to buy from Argentina. I get Argentina needs a lot of stuff from China, China gave them a line of credit with a big interest rate attached so they're getting profit from the exports plus interest but what is Argentina selling them?
    Unprofitable Soy?
    Can they not see what's happened to Venezuela with these deals of last resort with China? Venezuela owes China 25 years of most of their oil production. How's that sustainable?
    Silly Marxists.
    They don't care if the population is poor as long as the leaders are rich and isolated.
    They never learn.

    Oct 01st, 2014 - 12:08 pm - Link - Report abuse 0
  • Room101

    Don't take the parochial view.
    China wants a strategic Antarctic and the waters in the Region; that includes the Southern America access. China thinks in Decades, not just for now.

    Oct 01st, 2014 - 12:31 pm - Link - Report abuse 0
  • yankeeboy

    10. I have never understood why people think the Chinese are brilliant strategists. They are merely the buyer of last resort. They'll be lucky to be whole in a decade once the mass civil unrest moves to the East Coast they're done.

    Oct 01st, 2014 - 01:10 pm - Link - Report abuse 0
  • reality check

    @6

    World issue, your arrogance knows no bounds, the world doesn't give a flying fig that you lost a court case on a debt you owe. All those “Beuarocrats” you parade for supporting you, they are not the world. Most of their own people don't even know who the ferk they are and cares even ferkin less. They care what's happening around them, not you and why should they? What made you special?

    Here's what the rest of the world think outside of Argentina. A “Vulture fund” is a charity collecting money for an endangered African Bird!!!!

    Oct 01st, 2014 - 01:34 pm - Link - Report abuse 0
  • Argenfellow

    @10 Room101

    “Don´t take the parochial view”

    Yes, methinks you´re right on this advice. But have you ever think on the FINAL RESULT of the INTEGRATION , in time and space, of the myriad “parochial views” that U.S. foreign police blunders have engendererd around the whole world, at least since the end of W.W.II...? In China, Korea, Vietnam, Cuba, Middle East, Irak, Iran, Afghanistan...? Most certainly, it´s not a “parochial” one. Only the totalitarian old Marxist regimes´s brutalities plus their utter ineptitude counter-balanced it.

    Oct 01st, 2014 - 05:17 pm - Link - Report abuse 0
  • Briton

    Rumour has it, that sooner or later the riches , wealth of minerals possibly oil, and thousands of miles of empty territory in Antarctica may well some up for grabs in the next couple of decades, as the world lumbers closer to exhausting their own minerals and other such items,

    Thus being, out of the worlds powers, Great Britain at this moment is the only nation that has a land based permanently, sited military base, for all 3 services,

    [you work it out ]

    I can name 5 other military powers that do not have these facilities down their,

    And when weak powers are hovered up the heavy mob,
    Will come south, by hook or crook those who have the power will overcome those who do not,

    A contract today, a deal tomorrow may well lead to your future demised country,

    Choose wisely Argentina – China could well be the devil in disguise

    1. disguise
    1.
    give (someone or oneself) a different appearance in order to conceal one's identity.
    “he disguised himself
    antonyms: reveal, expose

    1. 1.
    a means of altering one's appearance China to conceal one's identity.
    ”I put on dark glasses as a disguise” to con some one ,
    synonyms: false appearance, camouflage, concealment

    Just saying like….

    mmmmmmmmmmm.

    Oct 01st, 2014 - 06:52 pm - Link - Report abuse 0
  • Room101

    11. Yankeeboy
    Perhaps they aren't brilliant strategists...who is? I don't see that quality anywhere in the world at present

    Oct 01st, 2014 - 08:24 pm - Link - Report abuse 0
  • ChrisR

    It seems the Russians are determined to corner the world market for reactors and even the UK Government have been seduced.

    By what is difficult to determine at this moment but here is a little taster for how quickly things change when the public are looking the other way:
    https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/237059/mou_decc_rosatom.pdf

    Oct 01st, 2014 - 09:36 pm - Link - Report abuse 0
  • willowas1

    Communist China-free Tibet

    Oct 01st, 2014 - 10:25 pm - Link - Report abuse 0
  • Mendoza Canadian

    So I guess the market will be flooded with Chinese foodstuffs Like killer baby food, killer dog and cat food...and then there is the unsanitary conditions they employ in the production of every other food item. Just watch what happens when people start dying. The government will blame the US.

    Oct 02nd, 2014 - 10:44 am - Link - Report abuse 0
  • psql

    When I read the comments of “Conqueror”, “Briton” and some other like them. I think of crows, not of vultures, I just wonder why?

    They love to bash anything Argentinean, and they do it with pleasure and free of charge. I wonder why?

    Oct 02nd, 2014 - 01:46 pm - Link - Report abuse 0
  • Captain Poppy

    http://www.theaustralian.com.au/business/wall-street-journal/china-manufacturing-index-signals-bad-economic-news-for-beijing/story-fnay3ubk-1227075658663

    http://www.theaustralian.com.au/business/wall-street-journal/china-manufacturing-index-signals-bad-economic-news-for-beijing/story-fnay3ubk-1227075658663

    http://www.theaustralian.com.au/business/wall-street-journal/china-manufacturing-index-signals-bad-economic-news-for-beijing/story-fnay3ubk-1227075658663

    And China is the Messiah?

    Oct 02nd, 2014 - 02:43 pm - Link - Report abuse 0
  • Argenfellow

    @20 “And China is the Messiah?”

    No, my dear mate. It´s only that, in this case, the United States of America is the Strangler. Because they know, better than any one else, that our indebtedness has been a fraudulent one.

    Oct 02nd, 2014 - 03:29 pm - Link - Report abuse 0
  • ChrisR

    @ 21 Argenfellow
    “ Because they know, better than any one else, that our indebtedness has been a fraudulent one.”

    Ha, ha, ha, and to think at one time I thought you were just a god delusionist, now I realise you are deluded per se.

    Oct 02nd, 2014 - 06:24 pm - Link - Report abuse 0
  • Captain Poppy

    Ok we'll pretend it was fraudulent for sake of argument(Argentina took the loans by defrauding the lenders). Give the principle back interest free and call it even........100ish billion....no interest. That would be fair.......being fraudulent ....right?

    Oct 03rd, 2014 - 09:30 am - Link - Report abuse 0
  • Briton

    It seems some argies don't like some of us bashing Argentina,
    what a shame,

    they don't condemn themselves from bashing the islanders or the brits..

    Oct 03rd, 2014 - 01:02 pm - Link - Report abuse 0

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