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China, vying with U.S. in Latin America, eyes Argentina nuclear deal

Nov 29 , 2018

BUENOS AIRES/WASHINGTON (Reuters) - 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.

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