Local media say the development of the strategic partnership between Beijing and Buenos Aires is behind the swift growth of the Chinese investment to Argentina.
In addition, the two countries have complementary economies. Data from the Chinese embassy in Argentina show bilateral trade volume soared to 17 billion dollars in 2011.
Agricultural cooperation between Beijing and Buenos Aires is another important sector of bilateral economic and trade cooperation. China has become one of the main export destinations of Argentina's soybeans and soybean oil.
In 2011, agricultural trade volume between the two countries reached 5 billion dollars, accounting for one third of total bilateral trade.
The two countries also signed a series of cooperation agreements in agriculture in June 2011, when then Chinese Premier Wen Jiabao visited Argentina.
Earlier this year, Argentina's dairy products have come to China after its beef products were authorized to re-enter the Chinese market.
Meanwhile, with the two countries optimizing their trade structure, a growing number of high value-added technology products from China have entered the Argentine market.
Argentina began to upgrade its commuter train system this year and purchased modern motor train units and carriages worth some 1 billion dollars from China CNR Corporation and CSR Corporation, leading Chinese rolling stock manufacturers.
Moreover, China and Argentina have built political mutual trust and reached broad consensus on the prospects for mutually beneficial cooperation.
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