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China Accuses US of Obstructing Huawei Cooperation in Argentina

Created at 6 Aug · 12:49 PM1 source↑ Market-relevant
IN SHORT

China's embassy in Argentina has accused the United States of hindering normal cooperation between Argentine firms and Huawei through visa revocations. Beijing called the U.S. actions an affront to sovereignty and free-market principles, while also criticizing U.S. Treasury Secretary Scott Bessent's remarks on Sino-Argentine relations.

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Key Numbers

130 billion yuanBilateral currency swap agreement renewal
$19.3 billionValue of renewed currency swap agreement
5 yearsDuration of renewed currency swap agreement
$5 billionActive portion of Argentina's swap with Beijing

Who's Involved

China's embassy in Argentina
Accused the U.S. of obstructing cooperation with Huawei
U.S. embassy in Argentina
Did not immediately respond to a request for comment
Donald Trump
U.S. President whose administration expressed concern about Chinese influence
Javier Milei
Argentine President and close ally of the Trump administration
Scott Bessent
U.S. Treasury Secretary criticized by China's embassy
China Accuses US of Obstructing Huawei Cooperation in Argentina

↳ Why This Matters

The dispute highlights escalating geopolitical tensions between the U.S. and China, particularly concerning technological cooperation and influence in Latin America, impacting international trade and diplomatic relations.

Key facts

  • China's embassy in Argentina accused the U.S. of obstructing normal cooperation between Argentine firms and Huawei by revoking visas.
  • The embassy stated these U.S. actions are an affront to sovereignty and free-market principles.
  • China also criticized U.S. Treasury Secretary Scott Bessent for remarks on Sino-Argentine relations and currency swaps.
  • Beijing refuted Bessent's claims of predatory Chinese agreements and debt accumulation in developing countries.
  • China asserted its cooperation with Argentina is based on mutual respect and has supported Argentina's economic stability.

China's embassy in Argentina has accused the United States of deliberately obstructing normal cooperation between Argentine companies and China's Huawei through visa revocations. In a statement published on social media, the embassy asserted that these U.S. actions, which it characterized as promoting the "China threat theory" and broadening national security concepts, are an affront to sovereignty and free-market principles.

The U.S. embassy in Argentina did not immediately respond to a request for comment. The administration of U.S. President Donald Trump has previously expressed concerns about Chinese influence in Latin America, with Argentina being China's second-largest trading partner.

Furthermore, China's embassy criticized U.S. Treasury Secretary Scott Bessent for what it called "malicious slanders and libellous remarks" made during his visit to Argentina. The embassy refuted Bessent's claims regarding "predatory agreements" and significant debt accumulation by China in developing countries, labeling them as attempts to sow discord. China maintained that its cooperation with Argentina, including the recent renewal of a five-year bilateral currency swap agreement totaling 130 billion yuan ($19.3 billion), is based on mutual respect, equality, and mutual benefit, and has played a role in Argentina's economic and financial stability.

China urged the U.S. to correct its perception of China, cease its "hegemonic acts and political manipulation," and refrain from sabotaging assistance provided by other countries to developing nations. The embassy suggested the U.S. should focus on making genuine contributions to regional development rather than discrediting China or imposing a "new version of the Monroe Doctrine."

Frequently asked questions

China's embassy accused the U.S. of revoking visas to obstruct normal cooperation between Argentine companies and China's Huawei.

China stated the U.S. actions violated principles of sovereignty and the free market.

Bessent visited Argentina and made remarks about the country's currency swap with Beijing and China's economic practices in developing nations.

China's embassy refuted Bessent's claims, calling them "malicious slanders" and attempts to sow discord, while highlighting the benefits of Sino-Argentine cooperation.

What Happens Next

01The U.S. embassy may issue a response to China's accusations.
02Further actions or statements from both governments regarding bilateral cooperation and influence in Argentina are possible.

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Cadence

How It Developed

China's embassy in Argentina accused the U.S. of obstructing cooperation with Huawei via visa revocations.
The Chinese embassy stated the U.S. promoted the 'China threat theory' and broadened national security concepts.
The U.S. embassy in Argentina did not immediately respond to a request for comment.
China's embassy criticized U.S. Treasury Secretary Scott Bessent's remarks on Sino-Argentine relations and currency swaps.
China refuted claims of predatory agreements and debt accumulation, calling them attempts to sow discord.
China stated its cooperation with Argentina is based on mutual respect and has aided Argentina's economic stability.
China urged the U.S. to stop hegemonic acts and political manipulation, and to contribute to regional development.

Sources

T1
China's embassy in Argentina accuses US of obstructing cooperationReuters
T2
Chinese Embassy hits back after Bessent's remarks in ...batimes.com.ar
T2
China firmly opposes US moves blocking normal cooperation between Argentine firms and Huawei: embassy - Global Timesglobaltimes.cn

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