Argentina pays with beef and wine
Huawei has once again led the Chinese market, but this time in an extremely unexpected way. It became the country's largest importer of beef.
It becomes even more interesting if you find out that this new Huawei business is due to sanctions. But in fact it is a consequence. The point is that Huawei took meat, and at the same time, wine, as payment for telecommunications equipment from Argentina, which, due to sanctions, could not pay for the goods in dollars or yuan. That is, in fact we are talking about barter. Argentina could pay in pesos, but due to very high inflation, Huawei would have to spend this money as quickly as possible. Apparently, beef turned out to be a more stable option.
And for the first time this happened at least in 2019. At the same time, Huawei created a subsidiary, Mossel, for similar products. But the hype around this has only just begun. Apparently, barter exchange with Argentina is still a working option.