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China, The United States, and the Future of Latin AmericaU.S.-China Relations, Volume III$
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David Denoon

Print publication date: 2017

Print ISBN-13: 9781479899289

Published to NYU Press Scholarship Online: May 2018

DOI: 10.18574/nyu/9781479899289.001.0001

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Argentina, the US, and China

Argentina, the US, and China

A New Triangle in the Making?

(p.185) 8 Argentina, the US, and China
China, The United States, and the Future of Latin America

José Luis Machinea

Lucio Castro

, David B. H. Denoon
NYU Press

While the relative magnitude and characteristics of its trade links with the People’s Republic of China (PRC) are similar to those of the rest of South America, the case of Argentina presents some distinctive features. On the one hand, only Venezuela and Brazil received more Chinese financial assistance than Argentina in the last decade in Latin America. On the other hand, Argentina signed more than 30 agreements with the PRC in 2014 and 2015 granting preferential access to strategic sectors of the local economy to Chinese companies in return for soft financing. Contrastingly, the trade and financial links of Argentina with the US, and to a lesser extent with the EU, have significantly waned in the 2000s. We argue these features of the relation with the PRC are primarily the result of Argentina’s trade protectionism and relative isolation from the international capital markets in this period. We analyze whether the “special relationship” with the PRC is a permanent or structural feature of Argentina´s economy in light of the country’s ongoing economic and political changes.

Keywords:   Argentina, Trade, Financial assistance, trade protectionism

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