China-Venezuela Joint Commission will Review Bilateral Cooperation in December

The China-Venezuela High-Level Joint Commission, which is currently developing 672 joint projects, will be held in Caracas next December to strengthen strategic partnerships, as informed this Tuesday the President of the Republic, Nicolás Maduro.
«With China, what we are doing is strengthening our joint work, our strategic partnership,» he said in his «La Hora de la Salsa» (The Salsa Hour) radio program, broadcast by Radio Miraflores 95.5 FM.
The Head of State informed that the Vice President for Planning, Ricardo Menéndez, is currently in China on a major work visit in order to solidify the financial alliances.
He added that with the Asian giant are being concreted projects which will be developed in 2017 and 2018, linked to the industrial and technological transfer «of a quantity of machinery important for the economic development of Venezuela.»
Venezuela and China have 42 years of diplomatic relations and, on the initiative of Commander Hugo Chávez, in 2001 were elevated to a strategic level, which has allowed to advance in the development of projects of a great importance for the development between both nations.
At present, Venezuela has 672 projects that are being developed jointly with China.
Of this total, 338 have completed their development phase; 203 are currently in progress and another 131 have been recently incorporated.