"More and more often we see the dollar falling out of international triangulation. China has become a major investor in Latin America and the Caribbean, an area that the US used to consider its privileged zone of influence,” Ismael Bermúdez, a economic correspondent, said.
“This is a gesture aimed at toughening measures against the US […] Argentina has been working to normalize relations with Washington, but now when it is necessary to renegotiate the agreement with the IMF, it puts pressure on them to show that Buenos Aires is not in their pocket," Cantamutto said.
"The only way for the US to neutralize China is to become an important helper to our country, and we know that whatever the IMF does is in the hands of the White House," he said.
"The United States is not softening policy, but forcing countries to look for partners with a greater ability to adjust to the conditions of agreements, and this is where China appears," Bermudez pointed out.
"The yuan is strengthening as a global currency, putting pressure on the dollar. This is being achieved by increasing the yuan`s presence in all transactions where it is useful, for example, in trade with Argentina," Cantamutto said.
"We have to be careful as we are in a highly uncertain and very delicate situation," he emphasized.
"This announcement is a relief as it means the country no longer depends on the dollar for trade, but the lack of resources is what is very worrying," Bermúdez, said.
"So far as Argentine residents are concerned, the dollar is a store of value, but as a means of exchange, its weight is relative: we trade more with China than with the US," he added.