Current:Home > StocksChina upgrades relationship with Venezuela to ‘all weather’ partnership -Wealth Legacy Solutions
China upgrades relationship with Venezuela to ‘all weather’ partnership
View
Date:2025-04-19 07:08:10
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! (5)
Related
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Too Hot to Handle’s Francesca Farago Gives Birth, Welcomes Twins With Jesse Sullivan
- Tuskegee University closes its campus to the public, fires security chief after shooting
- Taylor Swift's Dad Scott Swift Photobombs Couples Pic With Travis Kelce
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Britney Spears Reunites With Son Jayden Federline After His Move to Hawaii
- Veterans Day restaurant deals 2024: More than 80 discounts, including free meals
- Saving for retirement? How to account for Social Security benefits
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Beyoncé nominated for album of the year at Grammys — again. Will she finally win?
Ranking
- The company planning a successor to Concorde makes its first supersonic test
- Biden EPA to charge first-ever ‘methane fee’ for drilling waste by oil and gas companies
- Celtics' Jaylen Brown calls Bucks' Giannis Antetokounmpo a 'child' over fake handshake
- The NBA Cup is here. We ranked the best group stage games each night
- $73.5M beach replenishment project starts in January at Jersey Shore
- Democrat Cleo Fields wins re-drawn Louisiana congressional district, flipping red seat blue
- Gerry Faust, former Notre Dame football coach, dies at 89
- Waymo’s robotaxis now open to anyone who wants a driverless ride in Los Angeles
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Bears fire offensive coordinator Shane Waldron amid stretch of 23 drives without a TD
2025 Medicare Part B premium increase outpaces both Social Security COLA and inflation
Brian Austin Green Shares Message to Sharna Burgess Amid Ex Megan Fox's Baby News
The 401(k) millionaires club keeps growing. We'll tell you how to join.
Nearly 80,000 pounds of Costco butter recalled for missing 'Contains Milk statement': FDA
'Gladiator 2' review: Yes, we are entertained again by outrageous sequel
The NBA Cup is here. We ranked the best group stage games each night