Foreign media: The US proposed a $20 billion aid to Argentina, with the condition that Argentina cancel its $18 billion currency swap agreement with China.
This currency swap agreement, established in 2009, has helped Argentina manage foreign exchange reserves, pay for imports, and repay international debts.
Chinese scholars warned that if Argentina yields to US pressure and cuts ties with China, it will suffer the most. Argentina may fall into a "debt trap," losing an important financial support channel with China, while facing the uncertainty of US aid.
Sino-US competition is entering a new round in the financial field in Latin America.
Original article: www.toutiao.com/article/1844950517552140/
Statement: This article represents the views of the author.