China and Venezuela signed a total of 16 agreements covering such areas as energy and mining, finance, infrastructure construction, agriculture and hi-tech.
Chinese President Xi Jinping visited late Venezuelan President Hugo Chavez's mausoleum on Monday to pay respect to the "great friend of the Chinese people."
Visiting Chinese President Xi Jinping said Monday that his country and Venezuela should step up parliamentary and party-to-party communication and strengthen exchanges of governance experiences.
President Xi Jinping and his Venezuelan counterpart, Nicolas Maduro, agreed to upgrade their countries' relations to a comprehensive strategic partnership.
Chinese President Xi Jinping (L) is awarded Liberator Medal by his Venezuelan counterpart Nicolas Maduro in Caracas, Venezuela, July 20, 2014.
Beijing and Caracas Sunday boosted their relations as President Xi Jinping arrived on his first-ever state visit to the South American country.
Chinese President Xi Jinping is traveling to Venezuela on Sunday, the third stop of his ongoing four-nation Latin America trip.
The Venezuela-China relationship has embarked on a fast track for development and is now "in its best shape ever", said Venezuelan Vice Foreign Affairs Minister for Asia Xoan Noya.
The China Development Bank (CDB) opened an office here on Saturday, a move that indicates the two countries will further strengthen their economic relations.
Chinese President Xi Jinping's visit to Venezuela, the third leg of his four-nation Latin America tour, comes as the two celebrate 40 years of diplomatic ties.
Chinese President Xi Jinping left Argentina for Venezuela after wrapping up his state visit to Argentina on Sunday.
Venezuelan intelligence agents arrested an opposition mayor on Wednesday who was accused of stoking violent protests, and another was jailed for 10 months in the latest moves against rivals of President Nicolas Maduro.