China, Vying With US in Latin America, Eyes Argentina Nuclear Deal

China, Vying With US in Latin America, Eyes Argentina Nuclear Deal
A building with The Industrial and Commercial Bank of China Ltd (ICBC) logo is seen in Buenos Aires on Nov. 26, 2018. Marcos Brindicci/Reuters
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BUENOS AIRES/WASHINGTON—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 leader Xi Jinping’s state visit on Dec. 2 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.