Region:
Argentina
Category:
Politics

Xi Jinping would visit Argentina in July

The possibility is very true as the Chinese president will make a stopover in Argentina in the course of his trip to Brazil, where he will participate in the summit of the BRICS (Brazil, Russia, India, China and South Africa), the 15th of July

The Argentine Government and China are negotiating the details for the president of the Asian giant and the world's second largest economy Xi Jinping reach Buenos Aires in July. The possibility is very true as the Chinese president will make a stopover in Argentina in the course of his trip to Brazil, where he will participate in the summit of the BRICS (Brazil, Russia, India, China and South Africa), the 15th of July. Last March, Chinese Foreign Minister Wang Yi Xi had reported that visit Brazil and some Latin American nations to strengthen ties.

China is pressing for months for the two most important books are financing the country are realized: the reconstruction and refurbishment of branch Belgrano Loads and construction of hydroelectric dams in Santa Cruz and Jorge Néstor Kirchner Cepernic. Asians claim that both contracts are initiated to arrival.

In May reach the first disbursements of the loan to build dams Kirchner and Cepernic. They will be between $ 400 and s 500 million, which will go to the Central Bank reserves. The dams are run by a team of engineering and Electro Gezhouba Chinese consortium. All financing borne by the China Development Bank (CDB), providing a 15-year LIBOR rate plus 3.8%. The work is valued at $ s 4.714 million of which will enter the country s between $ 3,800 million and $ 3,900 million s. The balance is in China, which will provide the turbines.

On Friday, a delegation from the Chinese Ministry of Commerce arrived in the country, headed by the Director General of Foreign Economic Cooperation Wang Shenyang, director of the Division of Foreign Economic Cooperation Zhang Lei and deputy director of the Division, His Jiangguo.

Chinese officials asked the government to expedite the Belgrano charges, which also will fund its development bank, CDB, to 15 years and an interest rate of 7.1%. This appropriation, for u $ s 2.099 million, will have less impact on the reserves of the BCRA. Most of the money will go towards the purchase of cars and locomotives from China. As reported in December by Interior and Transportation Minister Florencio Randazzo, about $ s 1,235 million will go to work and rest, the material will come from the east.

The last visit by a Chinese president was ten years ago, when Hu Jintao came to Argentina. The then president Néstor Kirchner after the meeting pledged nearly $ 20,000 million East s investments, which never materialized.

Traslation Belén Zapata