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China, Venezuela secure $5 billion in financial deals

By Wu Jiao in Caracas and Zhang Yunbi in Beijing | China Daily | Updated: 2014-07-23 07:34

China, Venezuela secure $5 billion in financial deals

Agreements include credit line, loan to assist gold and copper exploration

Beijing and Caracas signed more than $5 billion in financial agreements on Monday to support the South American country's economic development as President Xi Jinping concluded his first visit to the country.

The agreements include $4 billion in credit to Venezuela and a $690 million development loan for exploration for gold and copper.

China, Venezuela secure $5 billion in financial deals

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