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China and USA competing to market technology to Argentina

China, vying with U.S. in Latin America, eyes Argentina nuclear deal, Cassandra GarrisonMatt Spetalnick, BUENOS AIRES/WASHINGTON (Reuters) 29 Nov 18 Argentina and China are aiming to close a deal within days for the construction of the South American nation’s fourth nuclear power plant, a multi-billion dollar project that would cement Beijing’s deepening influence in a key regional U.S. ally.

Argentina hopes to announce an agreement on the Chinese-financed construction of the Atucha III nuclear power plant during Chinese President Xi Jinping’s state visit on Sunday following the summit of leaders of G20 industrialized nations in Buenos Aires, Juan Pablo Tripodi, head of Argentina’s national investment agency, told Reuters in an interview.

The potential deal, reportedly worth up to $8 billion, is emblematic of China’s strengthening of economic, diplomatic and cultural ties with Argentina. It is part of a wider push by Beijing into Latin America that has alarmed the United States, which views the region as its backyard and is suspicious of China’s motives.

………. The negotiations on Chinese financing of the Atucha III nuclear power plant are a key cause for concern for the U.S. government, a senior Trump administration official told Reuters.

Atucha III would be one of the biggest projects financed by China in Argentina, according to the Reuters review of Chinese state funding data…….. https://www.reuters.com/article/us-argentina-china-insight/china-vying-with-u-s-in-latin-america-eyes-argentina-nuclear-deal-idUSKCN1NX0FE

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December 1, 2018 - Posted by | China, marketing, SOUTH AMERICA, USA

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