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New nuclear power stations to be built with Chinese tech

ARGENTINIAN President Cristina Fernandez de Kirchner revealed today that two nuclear plants will be built in Argentina with transfer of technology from China, calling the development a “gateway for the deepening of this strategic relationship.”

She and Chinese President Xi Jinping signed 15 agreements covering travel visas, information technology, media, energy, space technology and finance.

China is also helping Argentina build infrastructure such as the Cepernic Kirchner dams and the Belgrano Cargas railway.

Beijing recently helped Buenos Aires stabilise its peso with a currency swap as Argentina struggles to shore up its foreign reserves.

China has pledged more than £160 billion in investments in Latin America over the next five years as part of a drive to boost regional development and global trade.

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