China will invest 10 billion dollars in Argentina's railways. The $10 billion deal between the two countries was signed during Argentine President Cristina Fernandez's visit to Beijing.
According to media reports in China, the 10 billion-dollar investment, 2,5 billion dollars, will be spent on the renewal of the railway network in the Argentine capital Buenos Aires.
China plans to establish high-speed train technology for investments in railway technology.
China, which aims to be more effective in Latin American countries, also increased the amount of investment it made to the countries in the region. China is focusing on energy-intensive investments in Latin America.
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