Source: United States & Canada – South China Morning PostChinese scholars warn that Argentina will be the biggest loser if it cuts ties with China to align itself with the United States, as Washington pressures Buenos Aires to dismantle its long-standing currency swap line with Beijing.
The US pledged last week to do “what is needed” to aid its ally, including providing a US$20 billion swap line with Argentina’s central bank to stabilise the peso and bolster its reserves.
But the offer came with a condition: cancelling Argentina’s arrangement with…Read More