China Emerges as Latin America's Lender of Last Resort

February 5, 2015 1:57 PM

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As soon as she landed in Beijing this week, Argentine President Cristina Fernandez de Kirchner began lauding new deals with what she called the world's "No. 1 economy," ranging from two proposed nuclear power plants to joint space exploration.

With her country's economy contracting and its supply of dollars dwindling, the South American president had arrived Monday looking for help from China, which has already lent Argentina $14 billion since 2007. By the end of her trip Thursday, she announced a raft of new business deals, including sel...

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