Tracking Milei’s Wins:
Huawei does a lot of business in Argentina. As a result of the recent Argentinian currency instability crisis, it has become impossible for Argentina to pay China in RMB or USD, and Huawei really doesn’t want to be stuck holding the hot potato (Argentinian Pesos) in its accounts.
Imagine you have two cows:
Huawei has immediately been taking any payment it receives in pesos, and immediately flipping it by purchasing Argentinian beef, which it then ships to sell back in China. China is the largest importer of beef in the world, and Huawei is now China’s largest importer of beef, which makes it quite possible that Huawei is currently the world’s largest beef importer.
It’s been very difficult to find any English media talking about this, so here is a link to the article
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