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Guangdong seeks more economic co-op with Argentina
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17:06, August 18, 2009

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China's Guangdong province is looking for more economic cooperation with Argentina, a Guangdong government leader visiting Argentina said Monday.

Xie Pengfei, deputy secretary general of Guangdong and director of the Development Research Center of Guangdong, was in Buenos Aires for a China-Argentia seminar.

There would be very good cooperation between both sides in the future, which would promote mutual economic development, Xie told Xinhua.

The cooperation could be in the form of a joint venture or through direct investment by a Chinese company in Argentina, Xie said.

He added that his province, home to 95 million inhabitants, was developing rapidly and was ready to invest in Argentina, mainly in the technology, agriculture, vehicle and tourism sectors.

"We are open to everything in this country," he said.

Noting that Guangdong would have no problems with raising investment capital, Xie said: "We just have to find the right partner."

Guangdong's gross domestic product grew 10 percent to 3.06 trillion yuan ($420 billion) in 2007.

Bilateral trade between China and Argentina totaled $14.4 billion last year, 45 percent more than in 2007, siad Yang Shidi, an economic adviser from the Chinese embassy in Argentina.

Guangdong also planned to invest in other countries, such as Brazil, Chile, Bolivia, the United States, Philippines, India and Australia, according to Xie.

Source:Xinhua



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