China splashes billions on Argentine rail, subway


BEIJING (Reuters) - China and Argentina have agreed to invest about $10 billion over several years to renovate the Latin American country's dilapidated railway system and build a subway for its second-largest city.

Argentine President Cristina Fernandez is in the Chinese capital to boost ties, promoting her land-rich nation as a natural partner for commodity-hungry China, and seeking to resolve a Chinese freeze on imports of Argentina soyoil that has threatened a key hard-currency earner for Argentina.

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