China says will­ing to pro­vide Venezuela with what help it can

Daily Messenger - - International -

BEI­JING: China is will­ing to pro­vide Venezuela with what help it can, Pre­mier Li Ke­qiang told Venezuela’s Pres­i­dent Ni­co­las Maduro on Fri­day, but there was no men­tion in state me­dia of China pro­vid­ing any new funds for the coun­try.

Maduro is in China on a four-day trip to dis­cuss eco­nomic agree­ments, as the cri­sis-struck OPEC na­tion seeks to per­suade its key Asian fi­nancier to dis­burse fresh loans. Li told Maduro that China sup­ported Venezuela’s ef­forts to de­velop its econ­omy and im­prove peo­ple’s liveli­hoods, and it was will­ing to pro­vide what help it could, Chi­nese state tele­vi­sion re­ported, with­out giv­ing de­tails. China was also will­ing to keep de­vel­op­ing business and trade ex­changes, and hoped that Venezuela could pro­vide more “pol­icy sup­port and le­gal guar­an­tees”, Li added. In a sep­a­rate meet­ing with Chi­nese Pres­i­dent Xi Jin­ping, Maduro thanked China for its longterm un­der­stand­ing and sup­port, Chi­nese me­dia said.

Venezuela was will­ing to “ex­plore ef­fec­tive fi­nanc­ing meth­ods” with China and strengthen co­op­er­a­tion with China in the en­ergy sec­tor, me­dia added, cit­ing Maduro, with­out elab­o­rat­ing.

Xi told Maduro the two coun­tries should pro­mote mu­tu­ally ben­e­fi­cial co­op­er­a­tion to take re­la­tions to a new stage, and they should con­sol­i­date po­lit­i­cal mu­tual trust, state tele­vi­sion said.

China would, as be­fore, sup­port the Venezue­lan gov­ern­ment’s ef­forts to seek sta­bil­ity and de­vel­op­ment, Xi added. There was no men­tion in the re­port of China agree­ing to pro­vide new funds for Venezuela. Over a decade, China ploughed more than $50 bil­lion into Venezuela through oil-for-loan agree­ments that helped China se­cure en­ergy sup­plies for its fast-grow­ing econ­omy while bol­ster­ing an anti-U.S. ally in Latin Amer­ica.

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