Current:Home > MarketsChina upgrades relationship with Venezuela to ‘all weather’ partnership -Streamline Finance
China upgrades relationship with Venezuela to ‘all weather’ partnership
View
Date:2025-04-15 05:43:34
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! (93)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Graceland foreclosure: Emails allegedly from company claim sale of Elvis' home was a scam
- Renewable Energy Wins for Now in Michigan as Local Control Measure Fails to Make Ballot
- Truckers suing to block New York’s congestion fee for Manhattan drivers
- Senate begins final push to expand Social Security benefits for millions of people
- 6th house in 4 years collapses into Atlantic Ocean along North Carolina's Outer Banks
- ‘It’s just me, guys,’ Taylor Swift says during surprise set as fans cheer expecting guest
- Louisiana may soon require public school classrooms to display the Ten Commandments
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- NTSB now leading probe into deadly Ohio building explosion
Ranking
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- More people make ‘no-buy year’ pledges as overspending or climate worries catch up with them
- Syrian President Bashar Assad visits Iran to express condolences over death of Raisi
- Porsche unveils latest hybrid, the 911 Carrera GTS: What sets it apart?
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Stock market today: Asian shares track Wall Street’s retreat
- Qatar’s offer to build 3 power plants to ease Lebanon’s electricity crisis is blocked
- Chiefs' Isaiah Buggs facing two second-degree animal cruelty misdemeanors, per reports
Recommendation
A South Texas lawmaker’s 15
Chinese national charged with operating 'world’s largest botnet' linked to billions in cybercrimes
Man accused of driving toward people outside New York Jewish school charged with hate crimes
Dortmund seals sponsorship deal with arms manufacturer ahead of Champions League final
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Heat-related monkey deaths are now reported in several Mexican states
A group of armed men burns a girls’ school in northwest Pakistan, in third such attack this month
Roberto Clemente's sons sued for allegedly selling rights to MLB great's life story to multiple parties