Current:Home > InvestChina upgrades relationship with Venezuela to ‘all weather’ partnership -Wealth Evolution Experts
China upgrades relationship with Venezuela to ‘all weather’ partnership
Ethermac View
Date:2025-04-09 04:04:10
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! (27)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Federal authorities subpoena NYC mayor’s director of asylum seeker operations
- Deadly violence on America's highways wreaks fear, havoc, and frustration
- Dan Evans, former Republican governor of Washington and US senator, dies at 98
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- North Carolina’s governor vetoes private school vouchers and immigration enforcement orders
- ATTN: Target’s New Pet Collab Has Matching Stanley Cups and Accessories for You and Your Furry Friend
- A man is fatally shot by officers years after police tried to steer him away from crime
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Mexican cartel leader’s son convicted of violent role in drug trafficking plot
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- ‘She should be alive today’ — Harris spotlights woman’s death to blast abortion bans and Trump
- US stops hazardous waste shipments to Michigan from Ohio after court decision
- The Daily Money: How the Fed cut affects consumers
- Louvre will undergo expansion and restoration project, Macron says
- Meta bans Russian state media networks over 'foreign interference activity'
- The head of Boeing’s defense and space business is out as company tries to fix troubled contracts
- Sean Diddy Combs' Lawyer Shares Update After Suicide Watch Designation
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Takeaways from AP’s report on warning signs about suspect in apparent Trump assassination attempt
Estranged husband arrested in death of his wife 31 years ago in Vermont
Poll shows young men in the US are more at risk for gambling addiction than the general population
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Video showing Sean 'Diddy' Combs being arrested at his hotel is released
Ford recalls over 144,000 Mavericks for rearview camera freeze
A Walk in the Woods with My Brain on Fire: Summer