Understanding China, One Blog at a Time

An American in China

Argentina to Add Toxic Railways from China

Posted by w_thames_the_d on July 13, 2010


Great Headline eh?

Actually this post is a congratulatory one for China and Argentina who have signed a 10Billion dollar deal for China to build railways and supply trains for Argentina. Many of the posts here in China warn that much of that money the Chinese government is saving up will be needed to pay the liability claims just as soon as one of these Chinese made trains has a quality issue and goes off the rails. It is also funny that the CD stated that Argentina is buying the ‘Chinese technology’. When this technology is supposedly pirated German tech. I guess this is just the new world order…

Chinadaily

“BEIJING – China and Argentina signed railway deals totaling $10 billion on Tuesday, amid efforts by Beijing to forge stronger commercial ties with Latin America.

Twelve agreements were reached between the two countries during Argentine President Cristina Fernandez de Kirchner’s five-day visit to China. Six deals were inked at noon, witnessed by Kirchner and Chinese Vice-Premier Hui Liangyu. The rest of the agreements were signed later in the day following talks between Kirchner and her Chinese counterpart Hu Jintao.

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