Current:Home > ScamsChina upgrades relationship with Venezuela to ‘all weather’ partnership -TruePath Finance
China upgrades relationship with Venezuela to ‘all weather’ partnership
View
Date:2025-04-17 03:52:06
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! (6)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Chad T. Richards, alleged suspect in murder of gymnast Kara Welsh, appears in court
- Oregon hospital hit with $303M lawsuit after a nurse is accused of replacing fentanyl with tap water
- USC winning the Big Ten, Notre Dame in playoff lead Week 1 college football overreactions
- What do we know about the mysterious drones reported flying over New Jersey?
- Atlantic City casino workers plan ad blitz to ban smoking after court rejects ban
- Nordstrom family offers to take department store private for $3.76 billion with Mexican retail group
- Arkansas judge convicted of lying to feds about seeking sex with defendant’s girlfriend
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- As Tornado Alley Shifts East, Bracing for Impact in Unexpected Places
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- How Joey King Is Celebrating First Wedding Anniversary to Steven Piet
- Another New Jersey offshore wind project runs into turbulence as Leading Light seeks pause
- A US Navy sailor is detained in Venezuela, Pentagon says
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Texas deputy fatally shot multiple times on his way to work; suspect in custody
- The Bachelorette Finale: Jenn Tran and Devin Strader Break Up, End Engagement in Shocking Twist
- Travis Barker's FaceTime Video Voicemails to Daughter Alabama Barker Will Poosh You to Tears
Recommendation
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
New Titanic expedition images show major decay. But see the team's 'exciting' discovery.
Police chief says Colorado apartment not being 'taken over' by Venezuelan gang despite viral images
Mayor condemns GOP Senate race ad tying Democrat to Wisconsin Christmas parade killings
Most popular books of the week: See what topped USA TODAY's bestselling books list
Illinois law banning concealed carry on public transit is unconstitutional, judge rules
'I thought we were all going to die': Video catches wild scene as Mustang slams into home
Looking to advance your career or get a raise? Ask HR