China will finance and build two nuclear power plants in Argentina in a deal worth up to $15 billion, underlining Beijing's continued presence in Latin and South America, despite its slowing economy.

The deal comes as China pushes to export its homegrown atomic technology, often by offering cheap technology and generous financing.

The agreement with Argentina will see China provide most of the financing for the two new plants at a time when Buenos Aires is locked out of global credit markets. – Copyright The Financial Times Limited 2015