Buenos Aires - Chinese President Xi Jinping hailed his country's strong bilateral relations with Argentina a day after signing currency-swap and power- and rail-financing deals with counterpart Cristina Fernandez.

On the last day of his state visit to the South American country, Xi visited the Argentine Congress where he was received by the head of the Chamber of Deputies, Julian Dominguez, and of the Senate, Amado Boudou.

"We have completed 10 years of a strategic association between Argentina and China - the time has come to open new horizons and with the president (Cristina Fernandez) we have made progress in that respect," the Chinese president said.

The Chamber of Deputies' leader also noted the "historic moment" that has been reached in relations between the two countries and spoke of his high regard for "the importance and the role that China has in the world today."

"The deep friendship between China and Argentina constitutes a solid basis for continued relations on strategic issues in order to keep them growing," he said.

For his part, the Argentine vice president and head of the Senate, Amado Boudou, said that bilateral trade between the two countries "will continue growing for the good of our peoples."

"Let it be known that Argentina is not a simple consumer or trade partner, but a strategic ally determined to work together for a more egalitarian world," Boudou said.

Saturday is the second day of the state visit to the South American country by the Chinese president, who came accompanied by a large contingent of businessmen.

On Friday, Xi met with Argentine President Cristina Fernandez, with whom he signed 20 agreements in different areas worth more than $7 billion.

The Asian giant agreed to provide Argentina with $4.7 billion in financing for the construction of two immense hydroelectric dams, and to lend the country $2.1 billion to modernize a freight railroad line.

At the same time, the People's Bank of China and the Central Bank of the Argentine Republic signed a three-year, 70-billion-yuan ($11 billion) currency-swap deal.

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