Current:Home > NewsChina upgrades relationship with Venezuela to ‘all weather’ partnership -TrueNorth Finance Path
China upgrades relationship with Venezuela to ‘all weather’ partnership
View
Date:2025-04-21 15:16:38
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! (7675)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Surgeon general's warning: Parenting may be hazardous to your health
- Former ALF Child Star Benji Gregory's Cause of Death Revealed
- Megan Rapinoe wants Colin Kaepernick to play flag football in 2028 LA Olympics
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Horoscopes Today, September 13, 2024
- We shouldn't tell Miami quarterback Tua Tagovailoa to retire. But his family should.
- Georgia’s governor says a program to ease college admission is boosting enrollment
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Air Canada urges government to intervene as labor dispute with pilots escalates
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- Chase Stokes Reveals Birthday Surprise for Kelsea Ballerini—Which Included Tequila Shots
- WNBA legend Diana Taurasi not done yet after Phoenix Mercury hint at retirement
- Going once, going twice: Google’s millisecond ad auctions are the focus of monopoly claim
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Gunman says he heard ‘killing voices’ before Colorado supermarket shooting
- Score Designer Michael Kors Crossbodies for Only $79 and Under From Their Outlet Sale & More Luxury Finds
- Don Lemon, life after CNN and what it says about cancel culture
Recommendation
Sam Taylor
These Iconic Emmys Fashion Moments Are a Lesson in Red Carpet Style
An emotional week for the Dolphins ends with Tua Tagovailoa concussed and his future unclear
Kansas cold case ends 44 years later as man is sentenced for killing his former neighbor in 1980
The White House is cracking down on overdraft fees
Man drives pickup truck onto field at Colorado Buffaloes' football stadium
The Daily Money: Weird things found in hotel rooms
These Iconic Emmys Fashion Moments Are a Lesson in Red Carpet Style