China, Venezuela expand cooperation

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Source: CCTV.com | 02-20-2009 09:11

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Venezuela and China have signed a series of agreements and doubled their joint investment fund. The announcement came after Vice President Xi Jinping met in Caracase with Venezuelan leader Hugo Chavez.

Venezuelan President Hugo Chavez (R) meets with visiting  Chinese Vice President Xi Jinping in Caracas, Venezuela,  Feb. 18, 2009.(Xinhua/Huang Jingwen)

2009 marks the 35th anniversary of the establishment of diplomatic relations between China and Venezuela. Xi Jinping told Chavez the two countries should seize on the historic moment and expand cooperation.

In their talks at the presidential palace, the Chinese vice president spelled out the details of Sino-Venezuelan cooperation.

The agreements range from establishment of a long-term partnership in energy to enhancing exchanges in agriculture and high-tech transfer.

On top of that, the China-Venezuela mutual fund program is being expanded.