Current:Home > ScamsChina upgrades relationship with Venezuela to ‘all weather’ partnership -Edge Finance Strategies
China upgrades relationship with Venezuela to ‘all weather’ partnership
View
Date:2025-04-15 10:10:13
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! (389)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Race, Poverty, Farming and a Natural Gas Pipeline Converge In a Rural Illinois Township
- Reframing Your Commute
- Former NFL players are suing the league over denied disability benefits
- Intel's stock did something it hasn't done since 2022
- Hybrid cars are still incredibly popular, but are they good for the environment?
- Checking back in with Maine's oldest lobsterwoman as she embarks on her 95th season
- Titanic Director James Cameron Breaks Silence on Submersible Catastrophe
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- DWTS’ Peta Murgatroyd and Maks Chmerkovskiy Share Baby Boy’s Name and First Photo
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Inside Clean Energy: A Steel Giant Joins a Growing List of Companies Aiming for Net-Zero by 2050
- The debt ceiling, extraordinary measures, and the X Date. Why it all matters.
- Federal Trade Commission's request to pause Microsoft's $69 billion takeover of Activision during appeal denied by judge
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Our 2023 valentines
- Super Bowl champion Patrick Mahomes opens up about being the villain in NFL games
- Former NFL players are suing the league over denied disability benefits
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Trump skips Iowa evangelical group's Republican candidate event and feuds with GOP Iowa governor
An Indigenous Group’s Objection to Geoengineering Spurs a Debate About Social Justice in Climate Science
Republicans Seize the ‘Major Questions Doctrine’ to Block Biden’s Climate Agenda
Why members of two of EPA's influential science advisory committees were let go
Maya Hawke Details Lying to Dad Ethan Hawke the Night She Lost Her Virginity
Pharrell Williams succeeds Virgil Abloh as the head of men's designs at Louis Vuitton
Transcript: Mesa, Arizona Mayor John Giles on Face the Nation, July 16, 2023
Like
- Sonya Massey's father decries possible release of former deputy charged with her death
- Federal Trade Commission's request to pause Microsoft's $69 billion takeover of Activision during appeal denied by judge
- Adam Sandler’s Sweet Anniversary Tribute to Wife Jackie Proves 20 Years Is Better Than 50 First Dates