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November 1, 2014
Wednesday, September 3, 2014

'Vulture funds row will not affect Chinese investments in Argentina'

Argentina''''s ministers of Planning and Economy, Julio De Vido (L) and Axel Kicillof (R), led the signing of a trade agreement during their visit to Beijing.

The current legal dispute between Argentina and so called “vulture funds” suing the country over its defaulted bonds “will not affect” planned Chinese investments here, the head of the National Commission of Development and Reform (CNDR) of China has warned.

Following this week’s visit to the Asian Giant by Argentina’s Economy Minister Axel Kicillof and Planning Minister Julio De Vido among other officials, Xu Shaoshi expressed confidence Buenos Aires will settle the debt conflict.

“What happens in the rest of the world, will not affect the decision to continue collaborating and working with Argentina because we have a strategic association,” he said.

The CNDR chairmen met today with Kicillof, De Vido and representatives of Chinese companies and banks in which they all “agreed on stressing the significance of (holding) permanent dialogue to start the agreements signed in Buenos Aires during the visit of President of the People’s Republic of China Xi Jimping back in July, taking the relation to a Comprehensive Strategic Association,” De Vido’s office said in a statement.

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Tags:  China  investment  Argentina  vulture funds  debt  CNDR  





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