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Chinese Vice-president asks Venezuelan government for efficiency in joint-projects

Wednesday, May 15th 2013 - 07:21 UTC
Full article 4 comments
Li Yuanchao met with President Maduro to address bilateral relations Li Yuanchao met with President Maduro to address bilateral relations

Chinese Vice President Li Yuanchao on Tuesday asked the Venezuelan government for efficiency in managing an agro-industrial plant it has begun building near Caracas with a 52 million dollars investment from Beijing.

“We have to take care that these projects are effective and efficient, in the sense that they can play a positive role in employment and economic and social effects,” Li told Venezuelan Foreign Minister Elias Jaua while touring the site.

“I hope the efficiency factor will be taken into consideration.”

The plant is for pasteurizing milk and producing other dairy products and is being constructed in Valles del Tuy, near the capital.

“Success in this project will serve as an example” for future joint projects, Li said through a translator during the plant visit, which was broadcast on state television.

Jaua emphasized that Venezuelan President Nicolas Maduro told Li on Monday that he wants Chinese support for this type of project not to be limited to construction and technology transfer.

”(We want) to associate ourselves for the joint management of these productive units that allow us to reach necessary levels of efficiency so that they can really be useful for the Venezuelan people,” Jaua said.

The Chinese Vice-president arrived in Venezuela over the weekend and on Monday met with Maduro, with whom he signed accords for the financing of other works, among them the construction of a port for state petrochemical company Pequiven.

Top Comments

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  • JoseAngeldeMonterrey

    So now the Chinese are going to start micromanaging Venezuela´s government projects?

    May 15th, 2013 - 05:27 pm 0
  • GeoffWard2

    Considering it is China's money, and
    considering Venezuela's track record at managing its industries,
    its hardly surprising that China insists on this 'joint management'.

    'Thin end of the wedge'.
    In all the third world countries where China is 'investing' it is just a matter of time for those countries to come to expect that the easiest course of action is to accept joint management as a standard part of the deal.
    This is the way it begins.

    May 15th, 2013 - 08:18 pm 0
  • yankeeboy

    I think you meant “joint”

    The wonders of Socialism has made venezuela a country without toilet paper.
    Of course the gov't is blaming excessive demand

    maybe its the poo coming out of their mouths too

    May 16th, 2013 - 11:54 am 0
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