China stands ready to contribute to the economic development of Venezuela

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China stands ready to contribute to the economic development of Venezuela

posted on Jan 16, 2011 08:09PM

China stands ready to contribute to the economic development of Venezuela
Maracay, AVN Jan. 16 .- The People's Republic of China will continue to provide financial support to the Venezuelan government for the development of structural projects in different socioeconomic areas of the country, especially in productive sectors.

This was stated by Director General of International Cooperation Department Development Bank of China, Tian Hai Yuin, during a visit Sunday to the state of Aragua with Minister of Popular Power for Planning and Finance, Jorge Giordani.

During his stay inspected the construction planning Arsenal, located in the municipality Mario Briceño Iragorry, where the Chinese consortium, CITIC International Contrating, build 2,016 apartments.

Yuin Hai said that with financial support from the Asian nation will continue to create more opportunities to improve the level and quality of life of the Venezuelan people.

"With the efforts between China and Venezuela will seek to cooperate more successful in the future and the implementation of projects by Chinese companies, we contribute to the country's economic development to benefit the Venezuelan people," he added.

The representative of China Development Bank reported that the joint Chinese-Venezuelan Fund and the Financing of High Volume and Long-term, agreed between the two nations, are two very important guidelines and instructions of both governments.

Great Financing Long-Term Volume and China signed in 2010, includes a loan of 20 billion dollars to boost the development of structural projects in different socioeconomic areas, especially in the productive sectors in Venezuela.

Hai Yuin reiterated that the China Development Bando, supported by Venezuela, will continue the major efforts by the cooperation between the two friendly countries.

Similarly, patients were satisfied with the work done by the authorities of the Edict of Economic and Social Development of Venezuela (Bandes) in realizing these funding agreements and cooperation with the Asian nation.