The neighbourhood began to develop in the 1980s when newly arrived Taiwanese and mainland Chinese immigrants settled in this area.

On January 22 the streets of South Belgrano dress up in bright red and golden yellow, as dragon-like puppets and chariots run through the streets undulating and waving to the rhythm of traditional Chinese music.

A proposal for the creation of Chinatown as an official barrio of Buenos Aires was promoted by a group of Asian businessmen for commercial purposes in 2006.

The installation of this arch, and its having been done without consultation is an issue of contention among neighbourhood residents (among them Taiwanese) who do not adhere to the Chinese Communist Party, and therefore view the arch as an imposition in their Buenos Aires home by the People's Republic of China.

The Chinese community in Argentina donates with affection this Arch on the occasion of the Bicentennial of May Revolution to the beautiful city of Buenos Aires and the great Argentine people thanking the generosity and love given to Chinese immigrants with the hope that the Chinese-Argentine friendship will last from generation to generation.