China will provide support to the Recovery, Growth and Economic Prosperity Program

The President of the Bolivarian Republic of Venezuela, Nicolás Maduro, detailed that permanent commissions of the Economic Research Center of the Chinese Development Council and the Chinese Development Bank will be installed in the country to accompany the Recovery, Growth and Economic Prosperity Program.

From Miraflores Palace amidst a press conference, the Head of State highlighted that in China they praised the new economic and fiscal policies promoted by Venezuela, detailing that in China the opinion on the Program for Economic Recovery, Growth and Prosperity is very positive and could be compared with the fiscal, budgetary, tax and monetary experience of that Asian nation:

“They praised the new Venezuelan exchange system, they praised the fiscal, budgetary and monetary policies that we have taken and they told us: We had enormous difficulties, and they showed them to us”.

The Head of State said that relations between Venezuela and China have been based on the construction of a strategic relationship with China, a country “with which progress has been made in times of prosperity and misfortune, with those who in the past created the Venezuelan Chinese Joint Fund and the Fund for Large Volume and Long Term Financing through which 62 billion dollars were contributed to the nation for its development and the development acceleration agenda was built “.

“This visit has undoubtedly been historic because it is starting a new era in China-Venezuela relations at the moment we are taking the first steps of a new economic era with the program of economic recovery, growth and prosperity”.

Finally, the National President emphasized that next Thursday, the 20th of the economic recovery program will be completed and informed that a general balance sheet will be presented, as well as new economic announcements to continue advancing in the construction of the country.