Current:Home > MarketsChina upgrades relationship with Venezuela to ‘all weather’ partnership -InvestTomorrow
China upgrades relationship with Venezuela to ‘all weather’ partnership
View
Date:2025-04-19 11:46:46
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! (9541)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- How Bradley Cooper and Irina Shayk's Enviably Friendly Parenting Arrangement Really Works
- Ringleader of 6-person crime syndicate charged with 76 counts of theft in Kentucky
- Why collagen production matters so much – and how to increase it.
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Jennifer Love Hewitt Looks Unrecognizable With New Hair Transformation
- 3 U.S. Marines killed in Osprey aircraft crash in Australia
- Millie Bobby Brown details romance with fiancé Jake Bongiovi, special connection to engagement ring
- Federal hiring is about to get the Trump treatment
- Jessie James Decker Shares Pregnancy Reaction After Husband Eric's Vasectomy Didn't Happen
Ranking
- Federal hiring is about to get the Trump treatment
- As Idalia nears, Florida officals warn of ‘potentially widespread’ gas contamination: What to know
- GOP silences ‘Tennessee Three’ Democrat on House floor for day on ‘out of order’ rule; crowd erupts
- The 34 Most Popular Amazon Items E! Readers Bought This Month
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- News outlet asks court to dismiss former Mississippi governor’s defamation lawsuit
- Job vacancies, quits plunge in July in stark sign of cooling trend in the US job market
- No. 2 House Republican Steve Scalise is diagnosed with blood cancer and undergoing treatment
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Ariana Grande shares confessions about 'Yours Truly' album, including that 'horrible' cover
She paid her husband's hospital bill. A year after his death, they wanted more money
Jessica Simpson Reveals If She'd Do a Family Reality Show After Newlyweds
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
War Eagle. Sooner Schooner. The Grove. Top college football traditions, ranked.
Michigan man linked to extremist group gets year in prison for gun crimes
Joe the Plumber, who questioned Obama’s tax policies during the 2008 campaign, has died at 49