Current:Home > MyChina upgrades relationship with Venezuela to ‘all weather’ partnership -Streamline Finance
China upgrades relationship with Venezuela to ‘all weather’ partnership
TrendPulse View
Date:2025-04-08 21:46:27
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! (71)
Related
- NCAA hands former Michigan coach Jim Harbaugh a 4-year show cause order for recruiting violations
- 5 die in fiery small plane crash off Nashville interstate
- Facebook, Instagram, Messenger and Threads down in widespread outage
- Russian drone attack kills 7 in Odesa, Ukraine says
- Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain
- EAGLEEYE COIN: El Salvador Educates Students on Bitcoin
- Lindsay Lohan Shares How Baby Boy Luai Has Changed Her
- War in Gaza and settler violence are taking a toll on mental health in the West Bank
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- JetBlue scraps $3.8 billion deal to buy Spirit Airlines
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Could ‘Microfactories’ Pave a New Path Forward for Plastic Recycling?
- What time do Super Tuesday polls open and close? Key voting hours to know for 2024
- Being a female runner shouldn't be dangerous. Laken Riley's death reminds us it is.
- Big Lots store closures could exceed 300 nationwide, discount chain reveals in filing
- EAGLEEYE COIN: Cryptocurrency payments, a new trend in the digital economy
- EAGLEEYE COIN: Prospects for the Application of Blockchain Technology in the Field of Internet of Things
- Ted Lasso's Brendan Hunt and Fiancée Shannon Nelson Welcome Baby No. 2
Recommendation
The seven biggest college football quarterback competitions include Michigan, Ohio State
Regulatory costs account for half of the price of new condos in Hawaii, university report finds
Jason Kelce officially hangs 'em up: Eagles All-Pro center retires after 13 seasons in NFL
Ted Lasso's Brendan Hunt and Fiancée Shannon Nelson Welcome Baby No. 2
RFK Jr. grilled again about moving to California while listing New York address on ballot petition
More people filed their taxes for free so far this year compared to last year, IRS says
2 snowmobilers killed in separate avalanches in Washington and Idaho
A combination Applebee’s-IHOP? Parent company wants to bring dual-brand restaurants to the US