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Monday, January 30, 2023

Paolo Rocca’s passion for business relations with China | He spoke at the anniversary of the SME Observatory Foundation, which is sponsored by Techint

While in Indonesia, President Alberto Fernandez prioritized a bilateral meeting with his Chinese counterpart Xi Jinping to the extent that it was scheduled as his only activity for the day, after which he was admitted to a hospital on the island for six days. was forced to spend hours; From the other side of the world, on a podium in the main hall of UBA’s Faculty of Economic Sciences, Techint owner Paolo Rocca marked his counterpoint to the government, strongly criticizing business ties with China.

“there is The process of prioritization of the economy in some Latin American countries, which is guided by the characteristics of the Chinese economy.Eager for raw materials and ambitious in conquering markets for its industrial products”, said the owner of Tekint at the opening of the conference of the Fundación Observatorio Pyme that he sponsors. As he does in most of his public appearances, Rocca He dodged references to the local situation, but he could not brush aside criticism of a passion he has carried for years: the commercial relationship between Argentina and China.

have passion Special interest that emphasizes protectionism tips for your business At a particular moment in the construction of gas pipelines to reduce imports and start exporting energy. Although Rocca has had separate battles with the Chinese in recent years, the most emblematic one was in 2016 over the construction of pipes for the installation of gas pipelines in Córdoba. The province tried to buy Chinese pipes at a more competitive price than Tekint offered and this caused Deputy Elisa Carrio to come out to ask for him: “You know I hate Rocca, but the Chinese do. are,” he admitted.

Before a room full of about 500 businesspeople, and under attentive listening to Jaime Campos of the Argentine Business Association and Cristiano Rattazzi of Fiat, Rocca spoke of the “painful” world change left behind by the pandemic. “There has been a change in the substantial political balance. The main actor in this transformation process is China, which represents 28 percent of global industrial production and has experienced extraordinary growth in world trade,” he stressed, “a far from neutral influence on Western societies and the middle class.”

According to Rocca, “the sector has to take advantage of the opportunity to redesign the value chain in countries that can provide stability, reliance on the Western value chain” and left a message for the 40,000 SMEs that supply the group : “We asked them what chains they are supported on and we see how we can contribute to reorganize this chain”

Rocca was also responding to Argentina’s ambassador to the United States, Jorge Arguello, who attended the opening talks a few minutes earlier on the FOP’s 25th birthday. Through a video recorded from Indonesia, where he is with President Alberto Fernandez at the G20 summit, he indicated that there is no doubt that there is a bipolar world, composed of the United States and China, with Competition “strengthens the dispute over goods” strategic and scarce. This is what we call a hegemon shift between Washington and Beijing,” he described and assured that Argentina “must proceed very carefully in its economic relations, since both have significant presence in Latin America. I think it is a false dilemma of choosing between two powers, we have to enhance the links, not replace them,” he said.

Despite skimming the debate over the situation to the max, the nearly thirty-minute exhibition dropped a headline: “Argentina is not Venezuela, nor Cuba, nor Nicaragua. At some point the economy will return to normalization. Assured .

battle for 5g

“We must have a 5G that is not dependent on China, because countries must make technical decisions that do not expose them to the vulnerability of being dependent on any country,” he said. In this way, one of the country’s most powerful businessmen got embroiled in a dispute that the United States and China have been dragging for a long time. Technique 5G cellular telephony, the development of which was led by Chinese company Huawei, allows more devices to be connected faster than current 4G.

Donald Trump and Joe Biden have both been in charge of criticizing Huawei for its lack of security in data and equipment, although the underlying wound is that it is a business that There is no North American company with a comprehensive solution, such as that provided by Huawei, ZTE, Finnish Nokia or Swedish Ericsson.

World Nation News Desk
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