English Español Français العربية Русский

RSS Newsletters

Radio TV

LANGUAGE
English Español Français العربية Русский Documentary CCTV+

Radio TV

Download

02:35

Argentina devalued its currency by more than 50 percent on Tuesday, part of an emergency economic plan announced by the new government of Javier Milei.

The country is in the midst of its worst economic crisis in decades.

Other measures announced this week include a reduction in subsidies for energy and transport. Imports will become more expensive and will hit industries and services.

CGTN’s Joel Richards reports.

For more, check out our exclusive content on CGTN Now and subscribe to our weekly newsletter, The China Report.