Current:Home > MarketsChina upgrades relationship with Venezuela to ‘all weather’ partnership -Prime Money Path
China upgrades relationship with Venezuela to ‘all weather’ partnership
View
Date:2025-04-18 01:31:30
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! (464)
Related
- Bodycam footage shows high
- Utilities Are Promising Net Zero Carbon Emissions, But Don’t Expect Big Changes Soon
- Wednesday's Percy Hynes White Denies Baseless, Harmful Misconduct Accusations
- China’s Dramatic Solar Shift Could Take Sting Out of Trump’s Panel Tariffs
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Andy Cohen Promises VPR Reunion Will Upset Every Woman in America
- Vanderpump Rules: Raquel Leviss Wanted to Be in a Throuple With Tom Sandoval and Ariana Madix
- Gigi Hadid Spotted at Same London Restaurant as Leonardo DiCaprio and His Parents
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- New Study Shows a Vicious Circle of Climate Change Building on Thickening Layers of Warm Ocean Water
Ranking
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Ahead of the Climate Summit, Environmental Groups Urge Biden to Champion Methane Reductions as a Quick Warming Fix
- Biden’s Paris Goal: Pressure Builds for a 50 Percent Greenhouse Gas Cut by 2030
- This Is the Only Lip Product You Need in Your Bag This Summer
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Former Exxon Scientists Tell Congress of Oil Giant’s Climate Research Before Exxon Turned to Denial
- Wisconsin Tribe Votes to Evict Oil Pipeline From Its Reservation
- Louisville’s Super-Polluting Chemical Plant Emits Not One, But Two Potent Greenhouse Gases
Recommendation
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
The Petroleum Industry May Want a Carbon Tax, but Biden and Congressional Republicans are Not Necessarily Fans
Targeted Ecosystem Restoration Can Protect Climate, Biodiversity
Climate Summit ‘Last Chance’ for Brazil to Show Leadership on Global Warming
Bodycam footage shows high
Biden’s Climate Credibility May Hinge on Whether He Makes Good on U.S. Financial Commitments to Developing Nations
Has the Ascend Nylon Plant in Florida Cut Its Greenhouse Gas Emissions, as Promised? A Customer Wants to Know
4 dead after small plane crashes near South Carolina golf course