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  HOME | Venezuela (Click here for more Venezuela news)

Venezuela Urges China to Invest in Gold Mining and Petrochemicals

BEIJING – Venezuela’s planification vice president, Ricardo Menendez, is on a visit to China to present the new Bolivarian Economic Agenda and seek investment in sectors, including gold-mining and petrochemicals.

“There is potential in gold and petrochemicals and we have come to talk about the need to expand investments,” Menendez said Wednesday in Beijing.

“China is invited to take part in an agenda that is not something new, but a step forward,” he said about the economic agenda which he presented Wednesday to representatives of Chinese firms, many of whom already have business interests in Venezuela.

The agenda, which seeks to reduce Venezuela’s dependence on the oil sector, plans to establish special development zones and increase production in 14 sectors.

This is “a response to the economic war against our country,” Menendez said referring to the severe economic crisis faced by Venezuela, which the government attributes to outside forces.

“This concerns geopolitics at a global level. We are responding to the lies and politics to put countries worse off with a work agenda,” he stressed.

“We have come to China to expound and the response has been extremely beneficial. A concrete way has emerged from every meeting,” concluded Menendez, who also heads the Venezuelan side of the China-Venezuela High-level Mixed Committee, in charge of bilateral economic and political relations.

 

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