China and Venezuela sign 28 Cooperation Agreements

Venezuela and China signed 28 cooperation agreements that will boost the economy and development of both countries in the coming years in terms of oil, mining, security, technology and health during President Nicolás Maduro's tour of the Asian nation, they said Friday. official sources

At the close of the Sixteenth China-Venezuela High Level Joint Commission in Beijing, Maduro said that "today 28 agreements are being signed (...), billions of dollars in investments to make the development of our joint ventures a reality. the oil field. "

The President added that thanks to the agreements of the mixed commission and the solid China-Venezuela relationship, the country was able to face its circumstances. He affirmed that "Venezuela is on its feet and we are in better circumstances than ever before".

Source

For his part, Chinese Foreign Minister and State Councilor Wang Yi said that "despite the complex international circumstances, China is willing to work with Venezuela to strengthen exchanges and friendship between the two countries," for which it will be necessary "to optimize the models of cooperation in order to enrich the strategic partnership ".

The relations between Venezuela and China date back to 1974, but it was in 1999 when the late President Hugo Chávez raised them to a strategic level, which allowed to advance in the development of large-scale projects.

Source

Currently, this relationship is based on principles of mutual respect, friendship and cooperation, according to the official agency AVN.

Outstanding agreements

The signed agreements include a memorandum for the transfer of 9.9 percent of the shares of the Sinovensa joint venture, the signing of a memorandum of understanding for the development of the mixed hydrocarbons companies Petrourica and Petrozumano.

In addition, a memorandum of understanding has been signed with the ZTE technology corporation, according to the report. An agreement was also signed to strengthen cooperation between the National Corporation of Gas Exploitation of China (Cnodc) and Petróleos de Venezuela (PDVSA) with the objective of exploring and exploiting gas in the Caribbean country and another exploitation of the gold sector with the Chinese company Yankuang Group. "China knows that Venezuela advances in the certification of what could be the first reserve of gold in the world, said Maduro.

Source

With iron, there has also been progress in joint investments with state-of-the-art technology for industrial development. During his official visit, Maduro also agreed on the integration of the nation in the New Silk Routes, the global investment project in infrastructure of the Asian giant, to which Uruguay has also been assigned. Debt rises with China The amount of debt that Venezuela has with China that was in $ 23,000 million, with the new loan would total $ 28,000 million, according to warned this Friday the economist and director of Ecoanalítica, Asdrúbal Oliveros. He asserted that "Maduro saves time, because for a regime that has learned to live with the little (in terms of foreign currency) this help from China, gives it respite for a long time."

Link of the Publication in Spanish: El Universal

My Analysis and Personal Summary of the Publication

As you could read, Venezuela has signed a dozen socio-economic agreements that, according to the Government, will be the key to resolving once and for all the economic crisis in the country.

I have already talked about this issue with all of you about the situation that Venezuela suffers in the field of the economy and its difficulty in getting out of this crisis, even though the government is still committed to getting the country out of these problems, but unfortunately the government is leading the country to bankruptcy since Venezuela's debt to China rose from $ 23,000 to $ 28,000 million, this is bad news for my country, because if the government fails to repay that debt, Venezuela may end up in the hands of the government of China.

Millions of dollars have been invested in the country, but it is something that none of the Venezuelans have noticed, since we are still the same, we do not get medicines, food or work, the unemployment rate has increased over the past 3 months to 68 %, this has generated a despair and madness in the country, where 79% of Venezuelans do not know what to do and are afraid that in a few months they may die of hunger.

"This thief not only has the despicable quality of being corrupt but also a violator of human rights, he and his clique are accomplices of the tragedy that Venezuela is living and the tests are, I believe that these tests now have to be shown". All so that the whole planet knows how Nicolás Maduro and this band of criminals stole Venezuelan money. "

The corruption found in Venezuela is so serious that every day the government robs Venezuelans of millions of dollars in less than a year.

Already these rubbish do not mind leaving each day with something worse for the Venezuelan with their aberrations, they realized that they achieved the goal of having a people subdued and afraid of going out into the street. There is an international pantomime that does not dare once and for all to put an end to this government of criminals. The struggle of political interests and the struggle for power over life itself always predominate.

People who die of hunger, others for not having medication, and without counting the dozens of people who die daily at the hands of common crime and organized crime by the same state and members of its security forces. Total anarchy is not a secret. And if I keep writing I will not leave my house for a long time to make this sad story that Venezuelans live every day.

During the last 7 years Venezuela has accumulated a millionaire debt with the government of China, this due to the economic crisis that Venezuela is experiencing in recent years, during the government of former President Hugo Chávez, the country generated a huge debt with China, everything adapted to the loans that Venezuela requested at a time when the price of oil drops to $ 30 per barrel.

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Important Note: This Publication is a translation of the Spanish into the English language of the website El Universal, The objective of making these translations is to bring the entire Steemit Community the best content found in the Spanish language.

Page Used as Reference, Support and Source: El Universal

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