Love to see China finally paying the Anglos back in the only coin they know: enlisting a 3rd party to intimidate and make war on your enemy, whilst you wash your hands clean and profit from the instigation.
Argentina might feel a little more confident in taking back the Malvinas with some choice Chinese gear backing them up. And the Anglos lose yet another core piece of territory. First the Malvinas, then Diego Garcia.
Hope China send a bucket load of AShM this time, Argentina has no problem to sending the Anglo fleet to the bottom of the Ocean if they had more Exocet last time.
Not enough. The Argentine military today is pretty much a shadow of its former (1982) self. Because we are talking about Islas Malvinas (Falkland Islands) that is located around 750 kilometers from mainland Argentina, let's talk about their air force and navy.
The Argentine Air Force is filled with warplanes from the Cold War-era. They only have:
1. 24x 3rd-gen fighters, 5x attack aircrafts and 8x trainer-attack aircrafts from the 1970s and 1980s,
2. 2x EW aircrafts;
3. 8x tactical airlifters;
4. 2x refueling tankers; and
5. 11x short and medium-ranged maritime patrol aircrafts.
They have no 4th-gen fighters (let alone those with AESA), no AEW&C aircraft to control and command allied units, no surveillance aircraft to conduct observation and surveillance, and no ELINT & SIGINT aircraft to conduct intelligence gathering. They also don't have enough tactical airlifters that can swiftly transport large number of troops and equipment between the mainland and Malvinas.
Similar situation can be used to describe the Argentine Navy. They only have:
1. 4x FFGs from the 1980s;
2. 9x corvettes mainly from the 1980s and 1990s;
3. 2x SSKs from the 1970s and 1980s (both are in reserve);
4. 7x OPVs; and
5. 3x amphibious support (not assault) and cargo ships only.
They have no modern FFGs (let alone DDGs) that can conduct effective surface warfare, no LPDs, LSTs and LSMs (let alone LHDs) for carrying troops in large numbers and conduct airborne beachhead assaults, no modern SSKs that have AIP/lithium-ion batteries (let alone SSNs), and no proper auxiliary vessels that can refuel and resupply warships at sea and between the mainland & Malvinas.
Last but not least, significant portions of their equipment, planes and ships are in non-operational status or reserve.
TL;DR -
If Argentina and the UK clash over Malvinas again today, the odds against Argentina would be even more stacked than it was back in April-June 1982. If Buenos Aires truly wants to have any hope of reclaiming Islas Malvinas from the UK, the Argentinian military desperately requires massive upgrade, improvement and expansion from its current size and deployable firepower - TODAY.
What I believe the Argentine military truly needs (and can be purchased/obtained from China) for retaking Malvinas are:
1. DF-16s and DF-21s for land-attack and long-range anti-ship, perhaps even DF-17s;
2. YJ-83 and YJ-12 for anti-ship, perhaps even YJ-18 and YJ-21 AShMs;
3. JF-17s as strike and support element, J-10s as main aerial combat element;
4. Y-9s for troop and equipment transport;
5. KJ-200s for airspace control and command, perhaps even KJ-500s;
6. Varous types of Gaoxin aircrafts for surveillance and intelligence gathering;
7. KQ-200s for maritime patrol and ASW;
8. 054A FFGs for surface combat, perhaps even 052D DDGs;
9. 056 corvettes for ASW;
10. 039A SSKs for anti-ship;
11. 071 LPDs for amphibious assault and aerial support, perhaps even 075 LHDs;
12. 072, 073, 074 and smaller landing ships and crafts for amphibious assault; and
13. System-centric and network-centric warfare management system.
Unfortunately, Argentina doesn't have the deep enough pockets required for this kind of adventure anymore in the foreseeable future, I'm afraid.
Speaking of which, Argentina may also join forces with her LatAm neighbours for any future venture on Malvinas in order to increase her chances of success. But even so, considering the advancement in equipment and platforms that the UK could bring to bear, it is still going to be a very tough fight with remote chances of operational success.