VIDEO-China bank funds Argentina development | euronews, world news

Argentina has agreed to borrow around 6 billion euros from China to build hydroelectric dams in the Patagonia region.

The loan from the China Development Bank will also fund a long-delayed railway project in Argentina.

The two countries signed a similar deal in 2009.

China is Argentina’s second-largest trading partner after neighbouring Brazil.

Argentina is the world’s third-largest exporter of soy and corn. China is the mail buyer of its soy beans.

http://www.euronews.com/2014/07/19/china-bank-funds-argentina-development/