China tightens Communist Party oversight of tech firms and digital finance
China’s ruling Communist Party is stepping up oversight of technology firms, internet platforms and digital finance in a sweeping drive to ta...
Chinese Foreign Minister Wang Yi has held a phone conversation with his Venezuelan counterpart Yvan Gil at the latter’s request.
During the conversation, both sides reaffirmed their commitment to deepening bilateral cooperation during this time of shifting geopolitical pressures in Latin America.
Wang said China attached importance to its relationship with Venezuela and is willing to further consolidate mutual political trust and expand cooperation across key sectors.
A statement put out by the Chinese Ministry of Foreign affairs said that “China opposes all forms of unilateralism and bullying and supports all countries in defending their sovereignty and national dignity.”
The Minister also reaffirmed Beijing’s support for Venezuela’s efforts to pursue independent development and safeguard national sovereignty, adding that China stands ready to deepen coordination with Caracas in international and multilateral forums.
Gil welcomed China’s consistent engagement and described Beijing as a reliable partner during a challenging period for Venezuela.
He said Caracas is keen to strengthen exchanges with China and push forward cooperation in areas such as energy, trade and infrastructure, while maintaining close diplomatic communication.
The call comes as Venezuela remains under U.S. sanctions that have weighed heavily on its economy, particularly its oil industry and access to global finance.
U.S. President Donald Trump on Tuesday announced a blockade on all sanctioned oil vessels entering and leaving Venezuela.
The Venezuelan government in response rejected the order, calling it a “grotesque threat”.
China has repeatedly criticised unilateral sanctions, arguing they undermine international norms and harm ordinary people.
In Latin America, Beijing has sought to expand ties through investment, trade and development cooperation, positioning itself as an alternative partner to the United States.
China and Venezuela have built close ties over the past two decades, with cooperation extending from energy and mining to housing and telecommunications.
The latest exchange suggests both sides are keen to maintain momentum in the relationship.
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