Venezuelan president Maduro to visit China

Venezuelan President Nicolas Maduro on Tuesday announced that he will visit China between September 21-24 to discuss bilateral business and to work on what he touted as “new geopolitics.”

Maduro said he will meet with his Chinese counterpart Xi Jinping, in a bid to “strengthen strategic relations.”

The Venezuelan president made the announcement to lawmakers in a letter requesting permission to travel, pledging to work on building “a multipolar, balanced world … and on guaranteeing world peace.”

Venezuela is negotiating a new $5 billion financing deal for oil sector development projects. China is Venezuela’s second biggest economic partner with $20 billion in bilateral trade in 2012.

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