Current:Home > MarketsChina upgrades relationship with Venezuela to ‘all weather’ partnership -ProfitPoint
China upgrades relationship with Venezuela to ‘all weather’ partnership
View
Date:2025-04-24 16:36:57
BEIJING (AP) — China announced Wednesday it was upgrading its diplomatic ties with Venezuela to an “all weather” partnership, a label reserved for a select few of its diplomatic partners.
Venezuelan President Nicolás Maduro is on a state visit in Beijing, his fifth as president, according to state broadcaster CCTV. He met with Chinese President Xi Jinping.
One of the best known of China’s select all-weather strategic partnerships is with Pakistan, where it has invested $25.4 billion over the past decade.
About 7 million people have left Venezuela during a complex political and humanitarian crisis that has been ongoing for the past decade. The country is reliant on oil as its main export but has faced U.S. sanctions. Last year, the Biden administration eased part of its sanctions on the country.
Maduro has cultivated China throughout his years in power. His country has received support from China in loans, cash and investment worth tens of billions of dollars.
veryGood! (2)
Related
- Rylee Arnold Shares a Long
- Citing Health and Climate Concerns, Activists Urge HUD To Remove Gas Stoves From Federally Assisted Housing
- Shop Amazon Prime Day 2023 Deals on Ninja Air Fryers, Blenders, Grills, Toaster Ovens, and More
- Maryland’s Largest County Just Banned Gas Appliances in Most New Buildings—But Not Without Some Concessions
- The Super Bowl could end in a 'three
- Al Gore Talks Climate Progress, Setbacks and the First Rule of Holes: Stop Digging
- A mom owed nearly $102,000 for her son's stay in a state mental health hospital
- The Southwest's enduring heat wave is expected to intensify over the weekend
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Young men making quartz countertops are facing lung damage. One state is taking action
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- I’m Obsessed With Colgate Wisp Travel Toothbrushes and They’re 46% Off on Amazon Prime Day 2023
- After a historic downturn due to the pandemic, childhood immunizations are improving
- Trader Joe's has issued recalls for 2 types of cookies that could contain rocks
- Trump issues order to ban transgender troops from serving openly in the military
- Las Vegas could break heat record as millions across the U.S. endure scorching temps
- Sofia Franklyn Slams Alex Cooper For Shady S--t to Get Financially Ahead
- Amazon Prime Day 2023: Get a Portable Garment Steamer With 65,000+ 5-Star Amazon Reviews for Just $28
Recommendation
Trump's 'stop
Twitter replaces its bird logo with an X as part of Elon Musk's plan for a super app
Oil Companies Had a Problem With ExxonMobil’s Industry-Wide Carbon Capture Proposal: Exxon’s Bad Reputation
The Southwest's enduring heat wave is expected to intensify over the weekend
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Here's what happens to the body in extreme temperatures — and how heat becomes deadly
Amazon Prime Day 2023 Deal: Save 50% On the Waterpik Water Flosser With 95,800+ 5-Star Reviews
Massachusetts Utilities Hope Hydrogen and Biomethane Can Keep the State Cooking, and Heating, With Gas