Argentine Minister of Economy secures US$ 1 billion in investments after meetings with companies in China

Photo:  Argentina envió por primera vez arándanos a China. By: Fotos Agroindustria Source: Flickr

During his visit to China, Argentina’s Minister of Economy, Sergio Massa, reached significant investment and disbursement agreements with Chinese companies amounting to nearly US$ 1 billion. These funds, expected to arrive on July 15, will bolster the public reserves of the Argentine Central Bank, enhancing the country’s economic stability. Accompanied by Deputy Máximo Kirchner and other Argentine officials, Massa conducted crucial negotiations aimed at driving the country’s economy forward.

Notably, meetings with the Gezhouba Group, Power China, and State Grid were particularly significant. The Gezhouba Group, responsible for the construction of hydroelectric dams in Argentine Patagonia, committed to disbursing US$ 524 million in the coming weeks, contributing to the Central Bank’s reserves. The inclusion of Máximo Kirchner in the delegation holds importance, considering the approaching deadline for defining candidacies within Frente de Todos for the upcoming elections. This successful trip to China marks a positive step for Argentina’s economic prospects and potential political developments.

Top headline:

A24COM. (2023, Mayo 30). Sergio Massa Obtuvo en china cerca de 1.000 millones de dólares en inversiones y desembolsos.

Find out more:

Diario El Tiempo. (2023, Mayo 30). En China: Massa Anunció La Llegada de $US 1.000 millones.