Argentina has inked US$7.5 billion in loan agreements with China, at least US$6.8 billion of which will be used for major dam and railway construction projects in the Latin America's third largest economy.

The deals, which were signed by Argentine President Cristina Fernandez and Chinese President Xi Jinping during the latter’s first official visit to Buenos Aires, include a $4.7 billion loan from the China Development Bank for the construction of two hydroelectric dams in Patagonia, as well as a $2.1 billion loan…