Argentina's Fernandez wins election

China congratulates new leader, expects nation to see progress and development

BUENOS AIRES, Argentina - Peronist candidate Alberto Fernandez swept to a first-round triumph in Argentina's presidential election after President Mauricio Macri conceded defeat on Sunday evening, official results showed.

Fernandez, a 60-year-old law professor, had nearly 48 percent of the votes - crossing the threshold for outright victory - after 94 percent of the votes had been counted. Center-right Macri trailed with 40.53 percent of the vote.