Economic history of Argentina rate never went above 10%, and the country largely recovered by 1935. However, the Depression permanently halted its economic expansion. Actually, much like other developing countries, the economy was already in a downturn beginning in 1927, a result of declining prices. Argentina abandoned the gold standard in December 1929, earlier than most countries. For much of the previous period, the country had operated a currency board, in which a body known as the caja de conversión was charged with maintaining the peso's value in gold. The devaluation of the peso increased the competitiveness of its exports and protected domestic production.
Argentina–China relations experienced changes within their trade evaluations. The rate of soybean production of five South American countries a part of Mercosur witnessed a 221.4% growth from 1995 to 2010. Argentina is one of China's main trading partners in South America; the trade between both countries amounting to nearly $13 billion in US currency. Before 2008, the amount of exports Argentina sent to China accounted to be US $5.796 billion, and the imports from China to Argentina totaled to be US $7.649 billion. The trade exchange between Argentina and China showed an 80% export of soybean products to China from Argentina, and