Chinese President Xi Jinping arrives in Buenos Aires, Argentina, July 18, 2014, for a state visit to Argentina. (Xinhua/Lan Hongguang)

In 2013, two-way trade between China and Argentina reached 14.8 billion U.S. dollars, more than 2,400 times of the amount in the early days of the diplomatic ties, according to China's official statistics.

China has become Argentina's second largest trading partner and a major source of investment. Argentina has become China's fifth largest trading partner in Latin America.

The two sides have had productive cooperation in energy, resources, agriculture, infrastructure development, finance and other areas.

Before Argentina, Xi has visited Brazil, where he paid a state visit to the country, attended the sixth BRICS summit and met leaders of Latin American and Caribbean nations. His Latin America tour will also take him to Venezuela and Cuba.