Venezuelan President Nicolas Maduro is traveling to China to discuss economic agreements, as the crisis-struck OPEC nation seeks to convince its key Asian financier to disburse fresh loans. \u201cI am going with great expectations and we will see each other again in a few days with big achievements,\u201d the leftist leader said on Wednesday in a state broadcast from the airport, without providing details.<\/p>\n
China\u2019s Foreign Ministry said Maduro would visit from Thursday until Sunday at the invitation of President Xi Jinping.<\/p>\n
\u201cRecently, the Venezuelan president has actively pushed forward economic reforms, and there has been a positive reaction to these from society,\u201d ministry spokesman Geng Shuang told a daily news briefing.<\/p>\n
\u201cI think that a Venezuela that is steadily developing is in everyone\u2019s interests. China has faith that the Venezuelan people and government will be able to handle its domestic affairs with the legal framework,\u201d he added.<\/p>\n
\u201cThis visit by President Maduro is beneficial to both sides\u2019 mutual trust, to push forward cooperation, to expand ties between the two countries and to promote Venezuela\u2019s development.\u201d<\/p>\n
Chinese state-run newspaper the Global Times said in a Friday editorial that some had claimed Maduro\u2019s government would have collapsed without China\u2019s support.<\/p>\n
\u201cThey clearly underestimate the Maduro government\u2019s capabilities. It should be noted that the government has quite a few supporters and its political foundation is not as vulnerable as the Western media describe,\u201d it said.<\/p>\n
Venezuelan Vice President Delcy Rodriguez is currently in China and on Wednesday met with Chinese Vice President Wang Qishan, the Chinese Foreign Ministry said in a brief statement late on Wednesday.<\/p>\n
The two countries have long had friendly ties and cooperation has been \u201csteadily progressing\u201d in all fields, the ministry cited Wang as telling Rodriguez.<\/p>\n
CNPC said on its website that Zhang told Rodriguez, who was also accompanied by a vice president of Venezuelan state oil firm PDVSA, that he hopes both sides continue to work harder to deepen cooperation in the oil and gas sectors.<\/p>\n
The company cited Rodriguez as saying she hopes CNPC can help Venezuela boost output and move the cooperation to a higher level.<\/p>\n
CNPC is a major investor in oil and gas exploration in Venezuela and also a top lifter of Venezuelan oil under the government-to-government loans for oil deals.<\/p>\n
Over a decade, China plowed more than $50 billion into Venezuela through oil-for-loan agreements that helped Beijing secure energy supplies for its fast-growing economy while bolstering an anti-Washington ally in Latin America.<\/p>\n
The flow of cash halted nearly three years ago, however, when Venezuela asked for a change of payment terms amid falling oil prices and declining crude output that pushed its state-led economy into a hyperinflationary collapse.<\/p>\n","protected":false},"excerpt":{"rendered":"
Venezuelan President Nicolas Maduro is traveling to China to discuss economic agreements, as the crisis-struck OPEC nation seeks to convince its key Asian financier to disburse fresh loans. \u201cI am going with great expectations and we will see each other again in a few days with big achievements,\u201d the leftist leader said on Wednesday in […]<\/p>\n","protected":false},"author":1,"featured_media":42096,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[87],"tags":[],"class_list":["post-42095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/42095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=42095"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/42095\/revisions"}],"predecessor-version":[{"id":42097,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/42095\/revisions\/42097"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/42096"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=42095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=42095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=42095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}