“Chinese
President Xi Jinping on Wednesday said he hopes Venezuela will use
bilateral financing mechanisms and channel more funds to the areas of
energy, mining, agriculture and industry while meeting with
Venezuelan President Nicolas Maduro.”
“Financing
mechanisms between the two countries total more than 50 billion U.S.
dollars, according to Venezuelan experts. Financing mechanisms,
including the China-Venezuela Fund, have provided financial support
for some 256 projects. China and Venezuela upgraded their
relationship to a comprehensive strategic partnership during Xi's
visit to Venezuela in 2014, opening a new chapter in bilateral ties.”
“During
their meeting, Xi called on the two sides to push bilateral ties to a
higher-level. China supports Venezuela's efforts in restructuring its
economy and establishing a manufacturing economic model, he said. Xi
suggested the two countries push forward cooperation in the fields of
oil exploration, infrastructure and technological innovation.”
“Noting
China is a close friend of Venezuela, Maduro said enhanced
cooperation with China based on mutual benefit and common development
has enabled Venezuela to meet the challenges in the new year with
greater courage and capacity. Venezuela is implementing economic
recovery and long-term development plans that will expand
international financing and increase investment in domestic
production, said Maduro.”
“Maduro
said the founding of the China-CELAC forum displays the huge
potential for cooperation between China and CELAC countries. The
upcoming ministerial meeting will enhance both China-Venezuela and
China-Latin America cooperation, he said, adding that Venezuela will
continue to make efforts to reinforce China-Latin America
cooperation.”
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