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![hinese President Xi Jinping (L) shakes hands with Argentine President Cristina Fernandez de Kirchner during a welcoming ceremony before their talks in Buenos Aires, Argentina, July 18, 2014 [Xinhua]](http://thebricspost.com/wp-content/uploads/2014/07/230394692_8.jpg)
Chinese President Xi Jinping (L) shakes hands with Argentine President Cristina Fernandez de Kirchner during a welcoming ceremony before their talks in Buenos Aires, Argentina, July 18, 2014 [Xinhua]
Xi arrived in Buenos Aires on Friday where he met Fernandez a second time this week, right after the BRICS-South America Summit in Brasilia earlier this week.
Fernandez called it a “foundational day” in Sino-Argentinian ties.
Beijing is pumping in $2 billion investment in Argentinian railways and key infrastructure projects and $5 billion in building two hydroelectric dams in Patagonia.
Bilateral trade reached $15 billion in 2013.
The Chinese President said during talks with Fernandez in Buenos Aires that the two developing economies should cooperate in such fields as gas, mining industry, agriculture and nuclear power.
Fernandez said Argentina is also ready to boost cooperation with China under multilateral frameworks like the United Nations and the Group of 20.
Argentina is the second leg of Xi’s four-nation Latin America tour, which will also take him to Venezuela and Cuba. He visited Brazil earlier in the trip, his second to the region since he took over the presidency in March 2013.
Source: Agencies
