'The Power of China Money' Argentine President Attracts $23 Billion After Paying Tribute to Mao Zedong

"Praising 'Great Achievements for the People' by the Chinese Communist Party... Xiaomi to Build Phone Factory in Argentina
China Targets UK, Says Falkland Sovereignty Belongs to Argentina, Argentina Opposes Taiwan Independence"

[Asia Economy Beijing=Special Correspondent Jo Young-shin] Alberto Fernandez, President of Argentina, who is on a state visit to China, laid a wreath at the Mao Zedong Memorial Hall, according to Chinese media reports. It was also reported that President Fernandez visited the Museum of the History of the Communist Party of China.

Photo by Huanqiu Shibao Capture

The state-run Global Times reported on the 8th that President Fernandez, who visited China to attend the opening ceremony of the Beijing Winter Olympics and to commemorate the 50th anniversary of diplomatic relations between China and Argentina, visited and paid respects at the Mao Zedong Memorial Hall on the 5th.

The Global Times stated that during his visit to the Mao Zedong Museum and the Museum of the History of the Communist Party of China, President Fernandez said, "The Communist Party of China has left great achievements for the Chinese people."

Sabino Vaca Narvaja, Argentine Ambassador to China, regarding the visit to the Mao Zedong Museum, said, "Mao Zedong is a very important national leader," and that the Justicialist Party, to which President Fernandez belongs, has a very important historical bond (Peronism) with the Communist Party of China.

The Global Times reported that on the 6th, President Fernandez met with Chinese President Xi Jinping and agreed that the two countries would cooperate in various fields such as green and digital economy, aerospace science, and education.

The Global Times also reported that on the 6th, President Fernandez met with Chinese President Xi Jinping and agreed to cooperate in various fields including green and digital economy, aerospace science, and education. China has decided to invest a total of 23 billion dollars (27.5 trillion won) in Argentina for this purpose.

Zhou Ziwei, a researcher at the Latin America Research Institute of the Chinese Academy of Social Sciences, evaluated, "Fernandez's visit to China is more significant in that it not only represents pragmatic cooperation but also publicizes the historical ties and friendly relations between the ruling parties of China and Argentina to the world."

China Observer Network, citing local Argentine media, reported that Xiaomi will build a smartphone manufacturing plant in Argentina following President Fernandez's visit to China. The investment amount is several million dollars, and an official announcement regarding the construction of the Xiaomi smartphone factory is expected within two months at the latest.

Photo by Kankan News, China (captured)

China Overseas Network reported that President Fernandez visited Huawei's technology center during his stay in China. It added that despite pressure from the United States, Huawei is still expanding its market dominance in the Latin American market. It is being evaluated that 'China money' is exerting influence even in Argentina, which is 20,000 km away from China.

Chinese media Kankan News revealed that the joint statement released after the China-Argentina summit included support for Argentina's claim to sovereignty over the Falkland Islands (Argentine name: Malvinas). It was reported that Argentina supports the One-China principle opposing Taiwan's independence. Argentina fought a war with the United Kingdom over sovereignty of the Falkland Islands in 1982 and surrendered.

The inclusion of the word Falkland in the China-Argentina joint statement is interpreted as a diplomatic move by China with the United Kingdom in mind. The sovereignty over the Falkland Islands is a sensitive issue for the UK and a dark historical legacy of Western imperialism. Analysts suggest that China, under pressure from the Western bloc amid US-China conflicts, is utilizing the Beijing Winter Olympics as a platform to secure allies capable of countering the US and European alliances.

This content was produced with the assistance of AI translation services.