China covers up to 15 strategic areas in Venezuela
http://www.eluniversal.com/economia/140723/china-covers-up-to-15-strategic-areas-in-venezuela
According to the China-Venezuela bilateral agreements signed in 2004, China participated in seven key areas in Venezuela. Now, 10 years later, following the signing of 38 agreements, China's participation includes 15 strategic economic areas. Over seven years, China has granted loans amounting to USD 56 billion to Venezuela
MAYELA ARMAS H. | EL UNIVERSAL
Wednesday July 23, 2014 10:16 AM
The Venezuelan government has concluded new bilateral agreements with China, increasing China's participation in Venezuelan strategic economic activities.
According to the China-Venezuela bilateral agreements signed in 2004, China participated in seven key areas in Venezuela. Now, 10 years later, following the signing of 38 agreements on Monday, China encompasses 15 strategic economic areas.
Currently, Chinese companies' involvement in Venezuela focuses on: oil, agriculture, housing, industry, finance, services, electricity, technology, transportation, environment, and infrastructure.
The newly signed agreements expand Chinese companies' partaking; now including, for instance, projects in the Orinoco Oil Belt, and additional oil programs.
In addition, Chinese companies will take part in the certification and prospecting of gold and copper reserves, and in the setting up of agriculture and cement production enterprises; plus, a branch of the China Development Bank will open in Venezuela.
More funding
Also on Monday, China granted credits amounting to USD 5.6 billion to Venezuela, which will be allocated to the China-Venezuela bilateral fund, oil projects, and mining.
Including these latter credits, the total debt incurred by the Venezuelan government and state-run oil company Petróleos de Venezuela (Pdvsa) stands at USD 56 billion. According to Foreign Minister Elías Jaua, 90% of that debt has been already settled with oil sales.
Translated by Andreína Trujillo
China to contribute to new global trade system
http://europe.chinadaily.com.cn/business/2014-07/23/content_17907731.htm
BEIJING - China will join in and contribute to the construction of a new global trade system, said Premier Li Keqiang on Tuesday.
Li also called on the United States to be more open and to create more favorable conditions for the two countries' deeper cooperation, while meeting a delegation of US business leaders and former senior officials.
The delegation, headed by President of the US Chamber of Commerce Thomas Donohue, included former National Security Advisor Sandy Berger,former US Trade Representative Charlene Barshefsky, and a group of senior business executives.
Li said a good China-US relationship is conducive to both countries, and will help them to realize more global interests. The two countries should respect each other, strengthen mutual trust, deepen cooperation and control disputes.
He called on business circles and think tanks of the two countries to have closer communication to promote a stable and sound development of the China-US cooperation.
Donohue and several delegation members said deeper cooperation between the United States and China will benefit the two countries and the global economic growth. The US business circles will continue to promote bilateral trade and investment cooperation and the development of US-China ties.
Li also pledged that China will be more open and improve the market environment to give fair competition for companies from both home and abroad.
Li also answered questions from US business leaders about China's reform and opening up, and China-US trade and financial cooperation.