China Seeks to Finance Argentina Projects for $23.7 Billion

President Xi Jinping meets with Argentina's President Alberto Fernandez at the the Great Hall of the People in Beijing on Feb. 6. Photo: Xinhua

(Bloomberg) — President Xi Jinping said China and Argentina should implement existing hydropower and railway projects and deepen cooperation in trade, industry, infrastructure, investment and anti-epidemic efforts, Xinhua cited him as saying in a meeting with his Argentine counterpart, Alberto Fernandez, on Sunday.

Xi said the countries should work together on efforts for the Belt and Road initiative, according to the news agency. The two nations signed memorandum of understanding on cooperation for the project, it said.