Despite the strong questioning from the opposition, the manufacturers' lobby and many unions, the Argentine ruling coalition mustered sufficient votes in the Lower House to pass the controversial package of cooperation, economic and investment agreements between Argentina and China.
Brazilian foreign minister Mauro Vieira discarded that the recent agreements reached by Argentina with China can interfere with Mercosur, while his Argentine counterpart Hector Timerman said that the package of accords with Beijing will actually benefit Mercosur.
The construction of the Nestor Kirchner and Jorge Cepernic dams in Santa Cruz, Patagonia is finally set to begin now that China has deposited the first 287.7 million dollars tranche of funding for the massive 4.71 billion project, Argentine President Cristina Fernández announced before leaving for a state visit to China.
Argentine President Cristina Fernandez will be travelling to Beijing next month, reciprocating a visit from her Chinese counterpart Xi Jinping last July, it was officially announced by chief of staff Jorge Capitanich. The meeting was anticipated last Friday in a meeting of the two countries foreign ministers on the sidelines of the CELAC/China ministerial forum held last week in Beijing.
Chinese President Xi Jinping pledged on Thursday 250 billion dollars in investment in Latin America over the next five years as part of a drive to boost resource-hungry China’s influence in the region.
The importance of forging closer strategic ties between China and Latin America was underlined by Alicia Barcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), in her speech to the China-Community of Latin American and Caribbean two-day ministerial forum that took place in Beijing.
President Nicolas Maduro said on Wednesday he had secured a total of more than 20 billion dollars in investment from major creditor China for economic, social, and oil-related projects.
Brazil's new foreign minister Mauro Vieira has left for Beijing to attend the first ministerial meeting between China and the Community of Latin American and Caribbean States, CELAC, according to reports from Brasilia.
Victory Front pushes forward with two projects aimed at reshaping the scenario in view of next year's presidential campaign.
China's central bank on Friday unexpectedly cut benchmark interest rates for the first time in more than two years, as authorities seek to prop up flagging growth in the world's second-largest economy.