Javier Milei The Unconventional Economist Turning Argentine Presidential Politics on Its Head Signals New Era with China Reconciliation
Milei’s Shift in Foreign Policy Embracing China Post-Election
Javier Milei, the President-elect of Argentina, recently displayed a notable change in his approach towards China, a significant shift from his previous critical stance. After receiving a congratulatory letter from Chinese President Xi Jinping, Milei expressed gratitude and sent his sincere wishes for the wellbeing of the Chinese people.
This change in tone comes after Milei’s radical libertarian campaign, during which he had suggested reluctance to engage with China due to its government’s restrictions on individual freedoms. Notably, China is Argentina’s second-largest trade partner, following Brazil.
In his message, President Xi Jinping underscored the importance of China-Argentina relations, expressing readiness to work with Milei for mutual development and revitalization through cooperation. Xi emphasized the potential for win-win cooperation to foster steady and far-reaching growth in the bilateral relationship.
Domestic Policy A Bold Economic and Social Agenda
Milei, set to assume office on December 10, will take the helm of a country grappling with economic challenges, including triple-digit annual inflation, depleted foreign reserves, and a poverty rate exceeding 40%. He had previously criticized the BRICS group of major emerging economies, which includes China, as well as the South American Mercosur trade bloc and neighboring Brazil, the region’s largest economy.
Since the election, Milei has softened his rhetoric towards figures he had previously criticized, including Pope Francis. In a separate message, he also thanked former U.S. President Donald Trump for his congratulations and expressed a desire to meet soon.
Javier Milei’s recent election as President-elect of Argentina marks a significant shift in the country’s political landscape.
Known for his flamboyant personality and distinctive style, Milei’s rise to prominence is grounded in his strong background in economics and his advocacy for reduced government spending and laissez-faire capitalism.
His political philosophy aligns with right-wing libertarianism, minarchist, and anarcho-capitalist principles, setting him apart in the Argentine political scene. Milei, a proponent of the Austrian School of economics, has been a vocal critic of fiscal policies under various Argentine administrations.
Controversial Campaign and Electoral Triumph
During his 2023 presidential campaign, Milei, a member of the Libertarian Party, advocated for controversial positions, such as the deregulation of firearm and organ sales, and opposed the decriminalization of abortion, proposing a referendum on the issue.
His economic and social policies reflect a comprehensive overhaul approach, aiming to reshape Argentina’s fiscal and structural framework. Milei’s foreign policy stance includes closer relations with the United States and support for Ukraine against Russia’s invasion, while he advocates for distancing Argentina from geopolitical entanglements with China.
Milei’s electoral success can be contextualized within the failures of the preceding administrations to address the country’s economic challenges. His approach offers a dramatic contrast to the pro-business policies of former President Mauricio Macri and the struggles of Alberto Fernández, Macri’s successor, during the COVID-19 pandemic and economic crises.
Milei has declared his intention to continue social programs, recognizing the needs of a significant impoverished population in Argentina. In the primaries, Milei emerged as a leading candidate, garnering 30% of the votes and outpacing traditional political factions like Peronism and Macrism.
His victory was celebrated by various far-right figures internationally, and his win is seen as a potential end to the dominance of Kirchnerism and what he describes as a parasitic political class in Argentina.
