BUENOS AIRES, April 16 (Xinhua) -- Argentina plans to boost small and medium-size businesses (SMBs) with Chinese financial cooperation, state daily Telam said on Sunday.

The 150 million U.S.-dollar development agreement was struck between Argentina's Investment and Foreign Trade Bank (BICE) and the China Development Bank (CDB).

"The financing agreement reached with the CDB is very important, since accords with international agencies allow us to offer loans with very beneficial terms to Argentina's SMBs," BICE's president, Pablo garcia, said in a statement.

The financing will be provided in parts, with an initial outlay of 50 million dollars, and will be earmarked to help small and medium-scale enterprises in the fields of renewable energy, energy infrastructure and agricultural manufacturing, among others, Telam said.

The agreement between BICE and the CDB is not solely financial, comprising also "cooperation between the two institutions to promote good international

CHANGCHUN, April 15 (Xinhua) -- A Chinese-made self-driving truck has passed a navigation test, heralding the era of intelligent, automated heavy vehicles.

FAW Jiefang, the leading truck manufacturer, debuted the self-driving truck at FAW Tech Center in Changchun City, Jilin Province. The truck was able to recognize obstacles, slow down, make a detour, and speed up.

The truck reacted correctly to traffic lights, adaptive cruise control, remote commands and successfully overtook, company sources said.

FAW Jiefang now plans to commercialize the intelligent driving vehicle as early as 2018.

Hu Hanjie, FAW Jiefang general manager, said the company has built a whole industry chain partnership to develop, manufacture, sell, and service self-driving trucks. The participation of more firms across the sector will accelerate the technology's use on heavy-duty vehicles, Hu said.

Leading Chinese tech firms, including Baidu and Tencent, have invested in self-driving entities. Baidu, for example, has tested driverless mini cars at the annual World Internet Conference for the last two years.

Industry insiders, however, said the technology may prove more practical when it is used on trucks than private cars as truck drivers are more likely to drive tired. The new systems could cut operational costs by replacing drivers.

practices and to strengthen ties between Argentine and Asian companies," the agency said.