Current:Home > NewsChina upgrades relationship with Venezuela to ‘all weather’ partnership -FutureWise Finance
China upgrades relationship with Venezuela to ‘all weather’ partnership
View
Date:2025-04-18 16:43:03
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! (933)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Kylie Jenner Officially Kicks Off Summer With 3 White Hot Looks
- 50 Years From Now, Many Densely Populated Parts of the World Could be Too Hot for Humans
- Solar Job Growth Hits Record High, Shows Economic Power of Clean Energy, Group Says
- Current, future North Carolina governor’s challenge of power
- SZA Details Decision to Get Brazilian Butt Lift After Plastic Surgery Speculation
- Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
- Coal Ash Is Contaminating Groundwater in at least 22 States, Utility Reports Show
- Buckingham Palace staff under investigation for 'bar brawl'
- Maryland to Get 25% of Electricity From Renewables, Overriding Governor Veto
Ranking
- What to watch: O Jolie night
- Full transcript of Face the Nation, June 25, 2023
- Shop Amazing Deals From J. Crew's Memorial Day Sale: 75% Off Trendy Dresses, Swimwear & More
- This Amazon Maxi Dress Has 2,300+ Five-Star Ratings— & Reviewers Say It Fits Beautifully
- Military service academies see drop in reported sexual assaults after alarming surge
- Get $150 Worth of Clean Beauty Products for Just $36: Peter Thomas Roth, Elemis, Osea, and More
- Olivia Holt Shares the Products She Uses To Do Her Hair and Makeup on Broadway Including This $7 Pick
- Girlfriend of wealthy dentist Lawrence Rudolph, who killed his wife on a safari, gets 17 year prison term
Recommendation
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
When Trump’s EPA Needed a Climate Scientist, They Called on John Christy
Virginia Moves to Regulate Power Plants’ Carbon Pollution, Defying Trump
Half a Loaf: Lawmakers Vote to Keep Some Energy Funds Trump Would Cut
What do we know about the mysterious drones reported flying over New Jersey?
American Climate Video: She Loved People, Adored Cats. And Her Brother Knew in His Heart She Hadn’t Survived the Fire
Sea squirts and 'skeeters in our science news roundup
Florida woman who shot Black neighbor through door won't face murder charge