ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
International relations

Argentina slouches toward China debt reliance on eve of election

Buenos Aires may pivot from Washington-based lenders to Beijing

Argentina's President Mauricio Macri, left, and opposition candidate Alberto Fernandez at the end of a presidential debate on Oct. 20: The opposition has made no secret of its desire for closer ties with Beijing.   © Reuters

SAO PAULO -- Voters in Argentina go to the polls on Sunday to elect their next president, with recent surveys showing the leftist, anti-American opposition camp with a comfortable lead over business-friendly incumbent Mauricio Macri.

At stake in the election are relations with Beijing and Washington. Unlike the pro-American administration of President Macri, the opposition has made no secret of its affinity for China. Brushing aside concerns about being ensnared in a Chinese "debt trap," senior members of the opposition feel that Argentina should rely more on China than the International Monetary Fund, as the country has done in the past.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more