[Marxism] China in Venezuela Housing Pact [CNN]

Louis R Godena louisgodena at ids.net
Tue Aug 22 20:09:50 MDT 2006

Venezuelan President Hugo Chavez, who is visiting Beijing this week on a three-nation tour, has said solving the country's acute housing crisis is a key pillar of his socialist revolution.

Chavez arrived in Beijing late Tuesday on a trip that also will take him to Angola and Malaysia. The Venezuelan president is visiting China to expand cooperation in oil exploration and help his country build a fiber-optic communications network.

Venezuelan housing minister Ramon Carrizales and Liang Chuanxin, vice president of the state owned China CITIC Group, agreed Chinese capital will finance 75 percent of the deal, which was denominated in euros, the Bolivarian News Agency said in a statement late Monday.

full: http://www.cnn.com/2006/WORLD/asiapcf/08/22/china.venezuela.ap/index.html

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