Strategic agreements signed between China and Argentina

Global Business

Argentina and China are currently enjoying the closest and strongest relations ever. A strategic alliance was agreed to in Buenos Aires last July and in Beijing just last month, a series of economic agreements were also signed by Cristina Fernandez de Kirchner and Xi Jinping helping the local economy. CCTV’s Joel Richards filed this report from Buenos Aires.

Strategic agreements signed between China and Argentina

Strategic agreements signed between China and Argentina

Argentina and China are currently enjoying the closest and strongest relations ever. A strategic alliance was agreed to in Buenos Aires last July and in Beijing just last month, a series of economic agreements were also signed by Cristina Fernandez de Kirchner and Xi Jinping helping the local economy.

Highlights:

  • Investment in transport is just one of the agreements signed between China and Argentina in recent months.
  • Argentina’s President Cristina Fernandez de Kirchner and China’s President Xi Jinping signed more than 20 agreements in Beijing in February relating to energy infrastructure, agriculture, and finance.
  • These deals found opposition, both in Argentina’s Congress and its industry.
  • The Argentina Industrial Union raised doubts about how beneficial the agreements would be for local labor.
  • There have been concerns over the bigger picture, and a perceived over-reliance of Argentina on a foreign power, but so too are there supporters, who see these deals as vital for the country to move forward.