Chinese President Xi Jinping (L) attends a joint press conference with Argentine President Cristina Fernandez de Kirchner after their talks in Buenos Aires, Argentina, July 18, 2014. [Photo/Xinhua]

In response, Xi said the Chinese side understands Argentina's concern on debt restructuring and hopes that the issue will be settled properly.

Following their talks, the two leaders witnessed the signing of a joint statement and a series of bilateral cooperation deals.

According to the statement, the two leaders agreed to keep frequent communication on bilateral relations and issues of common concern, and pledged to deepen political mutual trust and support the development paths and core interests of each other's countries.

The Argentine side reiterated that it firmly sticks to the one-China policy and supports China's efforts to achieve peaceful reunification.

In response, Xi said China firmly supports Argentina's claim of the sovereignty over the Malvinas Islands and the restart of negotiations based on relevant UN resolutions to solve the issue in a peaceful way.

The two presidents spoke highly of the founding of the China-Argentina inter-governmental standing committee, calling on relevant departments of the two sides to give full play to this mechanism, so as to secure sustained and comprehensive development of bilateral relations.

The two leaders also expressed satisfaction over the convening of the first China-Argentina Strategic Dialogue on Economic Cooperation and Coordination during Xi's visit.

The two countries, as representatives of the emerging-market economies, play important roles in the international arena and share extensive common interests and similar stances on many international and regional issues, the statement said.

The two sides agreed that the international community should take joint action to prevent speculative capital from hindering the restructuring of sovereign debt.

The two countries, according to the statement, also agreed to join hands in the construction of a heavy water reactor power plant in Argentina.

Argentina is the second leg of Xi's four-nation Latin America tour, which will also take him to Venezuela and Cuba. He visited Brazil earlier in the trip, his second to the region since he took over the presidency in March 2013.