Xi stresses importance of bilateral ties with Caracas

Global Business

Chinese President Xi Jinping completed the second day of his stop in Venezuela, including meeting with president Nicolás Maduro, as part of his Latin American tour aimed at strengthening economic bonds. CCTV’s Martin Markovits reports.

Follow Martin Markovits on Twitter @MartinMarkovits

China-Venezuela relations have grown from a diplomatic link to an economic and political bong over the past ten years.

Officials from both countries want to further build on trade and energy deals to increase oil exports and investment in infrastructure and trade.

Xi stresses importance of bilateral ties with Caracas

Xi stresses importance of bilateral ties with Caracas

Chinese President Xi Jinping completed the second day of his stop in Venezuela as part of his Latin American tour aimed at strengthening economic bonds. CCTV's Martin Markovits reports.

Chinese President Xi Jinping is on his way to Cuba, but he spent the past few days in Venezuela where he made a few cultural stops and laid the groundwork some pretty significant trade agreements including one focused on oil.

Deals expected in biotech and pharmaceuticals

Deals expected in biotech and pharmaceuticals

The timing of this visit is important for Cuba. President Xi Jinping arrives at a critical point in this communist country's efforts to modernize its economy which is showing very poor growth at the moment.