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Economy

Irish_Dem

(61,090 posts)

13. Trust me. There is something China wants from Argentina.

Reply to peppertree (Reply #12)

Sat Feb 18, 2023, 04:37 PM

Feb 2023

We may not know what it is yet.

The Chinese believe strongly in reciprocity in their transactions.

Repayment in some form is expected.

The space station is something very interesting to keep in mind.

Also Chinais most interested in South America's “lithium triangle,” the region consisting of parts of Argentina, Bolivia, and Chile. These countries account for 56% of the world's lithium resources.

China hopes to corner the market on rare earth minerals. It is a way to control other countries.
Much like Putin is doing with oil right now. Or trying to do.

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Highlight:

China's Chery announces $400 million electric auto plant in Argentina [View all] peppertree Feb 2023 OP

China has been sinking huge amounts of money into Africa and South America for a reason. Irish_Dem Feb 2023 #1

There's the 'soft power' angle, yes - but also the fact that US & European firms tend to ignore them peppertree Feb 2023 #2

Russia and China are carving up the world behind the scenes. Irish_Dem Feb 2023 #3

Whatever influence Russia had, they frittered away peppertree Feb 2023 #4

Time will tell how this all plays out. Irish_Dem Feb 2023 #5

Absolutely. peppertree Feb 2023 #6

As long as Argentina understands there are strings attached. Irish_Dem Feb 2023 #7

Possibly - but nothing NEARLY as stringy as the loan Trump forced the IMF to give Argentina in 2018 peppertree Feb 2023 #8

It's all the same point I am making Irish_Dem Feb 2023 #9

You're saying Trump deliberately pushed Argentina into a corner, so they'd have to rely on China? peppertree Feb 2023 #10

I am going to shed a bit more light, my friend. Irish_Dem Feb 2023 #11

Thanks for the compliment! peppertree Feb 2023 #12

Trust me. There is something China wants from Argentina. Irish_Dem Feb 2023 #13

You're right: they're cornering (or at least, getting a leg up) on their lithium supply peppertree Feb 2023 #14

Either short sighted or by design. Irish_Dem Feb 2023 #15

Yeah - money talks. And often to the exclusion of other considerations. peppertree Feb 2023 #16

Delighted to interact with you! Irish_Dem Feb 2023 #17