In Beijing?s Great Hall of the People, Chavez promised to increase oil exports to China from the current level of 155,000 barrels per day to 500,000 by 2009 and 1 million by 2012.
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China, Venezuela Combine Forces Against US
For Chavez, closer ties with China are a counterweight against the open hostility of Washington
The state visit of Venezuelan President Hugo Chavez to Beijing in late August highlighted China?s expanding relations in Latin America, which are heightening tensions with the US.
For Chavez, closer ties with China are a counterweight against the open hostility of Washington. Venezuela is to expand oil exports to supply China?s rapidly growing energy needs in return for political backing and economic aid.
In Beijing?s Great Hall of the People, Chavez promised to increase oil exports to China from the current level of 155,000 barrels per day to 500,000 by 2009 and 1 million by 2012.
In return, Chinese President Hu Jintao agreed to support Venezuela?s campaign for a two-year seat in the UN Security Council and to provide substantial economic aid, including a fibre-optic communication network and finance for a $1.2 billion project to build 20,000 houses.
In Beijing?s Great Hall of the People, Chavez promised to increase oil exports to China from the current level of 155,000 barrels per day to 500,000 by 2009 and 1 million by 2012.
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