China and Argentina agree to team up on 2 nuke plants
Print Edition
CHINESE and Argentine leaders yesterday signed a batch of agreements, including collaboration on two new nuclear power plants.
On a state visit to China, Argentine President Cristina Fernandez de Kirchner met with Chinese President Xi Jinping and the two countries signed 15 agreements covering travel visas, information technology, media, energy, space technology and financing. The financial amounts of the agreements, however, were not disclosed.
Kirchner said two nuclear plants would be built in Argentina with transfer of technology from China, calling the move a “gateway for the deepening of this strategic relationship.”
China also is helping Argentina build infrastructure such as dams and railways. Beijing recently helped Buenos Aires stabilize its peso with a currency swap as Argentina struggles to shore up its foreign reserves.
“Both sides are committed to strengthening our cooperation in various fields, especially our cooperation on basic infrastructure development ... and in promoting the sound and stable development of bilateral trade,” Xi said.
The world’s second-largest economy has been strengthening relations with Latin American and African countries.
China has pledged US$250 billion in investments in Latin America over the next five years.
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